Politico Morning Trade: New Sanctions on Cuba Go Into Effect Today

The State Department released on Wednesday a list of more than two dozen Cuban companies that will begin to face sanctions today. Americans are barred from any financial dealings with the companies, which have ties to the Communist-run island’s military and intelligence services.

The Trump administration first placed sanctions on almost 200 Cuban entities in November, as part of an effort to walk back on some of former President Barack Obama’s pro-engagement policies. White House National Security Adviser John Bolton first announced that there would be more sanctions on Cuba earlier this month.

Pushback: James Williams, president of Engage Cuba, a coalition that supports normalized relations, said the new sanctions are part of an “attempt to choke commercial ties with Cuba” and “play into the hands of adversaries like the Chinese government and Vladimir Putin, both of which are actively trying to undermine U.S. interests in Latin America.”

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