business
US slaps new sanctions on Cuban companies key to island's crumbling economy
By Dánica Coto, Associated Press at KSAT 12 (ABC affiliate) — San Antonio
· June 23, 2026
· 5 min read
The U.S. hit Cuban state companies on Tuesday with new sanctions that analysts say are expected to spook foreign investors and deepen a severe economic crisis.U.S. Secretary of State Marco Rubio said the sanctions target five Cuban entities, including three linked to Grupo de Administración Empre...
Key takeaway Secretary of State Marco Rubio said the sanctions target five Cuban entities, including three linked to Grupo de Administración Empresarial S.
Why this matters in Terrell Hills News
The new sanctions on Cuban companies will likely have a ripple effect in the San Antonio area, where many residents have ties to the island nation. As the economic crisis in Cuba deepens, it may lead to an increase in Cuban immigrants and refugees arriving in Bexar County, seeking better opportunities. This could put a strain on local resources, including social services and schools. Additionally, the sanctions may impact local businesses that have trade relationships with Cuba, potentially disrupting supply chains and affecting the local economy. The city's Hispanic community, which has strong cultural and historical ties to Cuba, may also feel the effects of the sanctions, as family members and friends on the island struggle to access basic necessities. As the situation in Cuba continues to unfold, Terrell Hills residents should be aware of the potential local implications and the need for support services for those affected.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 23, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? The U.S. hit Cuban state companies on Tuesday with new sanctions that analysts say are expected to spook foreign investors and deepen a severe economic crisis.U.S. Secretary of State Marco Rubio said the sanctions target five Cuban entities, including three linked to Grupo de Administración Empre...
When was this published? This article was first published on June 23, 2026 by KSAT 12 (ABC affiliate) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Dánica Coto, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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