Foreign firms exit Cuba amid sanctions
The pace of foreign companies withdrawing from Cuba is accelerating ahead of the official deadline to cease dealings with the "Gaysa" group linked to the Cuban army. This group operates in vital sectors of the economy, and the withdrawal is occurring amidst escalating American sanctions that impose restrictions on companies involved with it. As a result, there has been a significant decline in activities within the tourism, transportation, and mining sectors, exacerbating the economic crisis faced by the island. 2026 is widely considered the worst year in Cuba's economic history in the past seventy years.
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