- The U.S. Secretary of State criticized the Cuban regime on June 1, 2026.
- U.S. imposed sanctions on Cuban state companies.
US State Department Sanctions Cuban Bank Banco Internacional de Comercio
What happened
The US State Department sanctioned Banco Internacional de Comercio, S.A. on October 16, 2026. The sanction was announced in a press statement by Secretary of State Marco Rubio. The statement cited the U.S. administration's policy against terrorism, organized crime, and anti-American influence.
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Why it matters
The action targets a specific Cuban state-owned bank, continuing a pattern of U.S. sanctions against Cuban state companies. The sanction is framed by the U.S. administration as a response to political and security concerns.
The U.S. has previously imposed sanctions on Cuban state companies, and the U.S. Secretary of State criticized the Cuban regime on June 1, 2026.
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U.S. imposed sanctions on Cuban state companies.Also in this story
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- Cuba is drawing on economic models from Vietnam while facing pressure and sanctions from the United States.
Within The U.S. Secretary of State criticized the Cuban regime on June 1, 2026.