US imposes new sanctions on Cuba amid deepening energy and economic crises

The US government sanctioned Cuban officials and oil importers to exacerbate the island's energy crisis and pressure the regime.

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As of 2026-09-04 00:04 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

The US government imposed new sanctions on Fidel Ernesto Castro, the grandson of former President Raúl Castro, and Cuba's Oil Industry Supply Import Company (Abapet) on Thursday. ^[1] Cuban Deputy Prime Minister Oscar Pérez-Oliva Fraga blamed the US government for the country's complex situation, stating that the blockade is a genocide. ^[2] Sanctions expert Brett Erickson stated that the US aims to push Cuba's critical machinery offline to exacerbate the energy crisis and that the Trump administration seeks a toppling of the regime. ^[3] The sanctioned entity Abapet is responsible for importing special equipment and spare parts needed to sustain Cuba's crumbling power grid. ^[4] Abapet, the state-owned company responsible for importing supplies for Cuba's oil industry, was sanctioned to disrupt the maintenance of the island's deteriorated electrical grid. ^[5] Daily power outages in Cuba now exceed 24 hours due to an obsolete electrical grid and decreased fuel reserves, a situation aggravated by US tariff threats. ^[6] Fidel Ernesto Castro, the grandson of former Cuban President Raul Castro, was specifically named among those sanctioned by the US. ^[7]

What this stands on

The US government imposed new sanctions on Fidel Ernesto Castro, the grandson of former President Raúl Castro, and Cuba's Oil Industry Supply Import Company (Abapet) on Thursday. · WJXT News4JAX

Cuban Deputy Prime Minister Oscar Pérez-Oliva Fraga blamed the US government for the country's complex situation, stating that the blockade is a genocide. · WJXT News4JAX

Sanctions expert Brett Erickson stated that the US aims to push Cuba's critical machinery offline to exacerbate the energy crisis and that the Trump administration seeks a toppling of the regime. · WJXT News4JAX

The sanctioned entity Abapet is responsible for importing special equipment and spare parts needed to sustain Cuba's crumbling power grid. · WJXT News4JAX

Abapet, the state-owned company responsible for importing supplies for Cuba's oil industry, was sanctioned to disrupt the maintenance of the island's deteriorated electrical grid. · El Mundo

Daily power outages in Cuba now exceed 24 hours due to an obsolete electrical grid and decreased fuel reserves, a situation aggravated by US tariff threats. · El Mundo

Fidel Ernesto Castro, the grandson of former Cuban President Raul Castro, was specifically named among those sanctioned by the US. · El Mundo

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