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The U.S. State Department on Thursday announced new sanctions targeting Fidel Ernesto Castro Calis, 31, a grandson of former Cuban President Raúl Castro, along with five Cuban entities spanning the banking, energy and mining sectors.

The U.S. State Department on Thursday announced new sanctions targeting Fidel Ernesto Castro Calis, 31, a grandson of former Cuban President Raúl Castro, along with five Cuban entities spanning the banking, energy and mining sectors.

The sanctioned entities include Banco Exterior de Cuba, oil import firm Abapet, nickel-sector companies Nicarotec and Cexni, and Comercial Cupet, which handles petroleum import and export operations for Cuba.

The sanctioned entities include Banco Exterior de Cuba, oil import firm Abapet, nickel-sector companies Nicarotec and Cexni, and Comercial Cupet, which handles petroleum import and export operations for Cuba.

Abapet is responsible for importing equipment and spare parts used to maintain Cuba's power grid. Daily outages on the island now exceed 24 hours as fuel reserves dwindle following U.S. tariff threats on countries supplying Cuba with oil.

Abapet is responsible for importing equipment and spare parts used to maintain Cuba's power grid. Daily outages on the island now exceed 24 hours as fuel reserves dwindle following U.S. tariff threats on countries supplying Cuba with oil.

Cuba passed its largest free-market reforms in decades in June, comprising 176 measures, and began implementing them in late July. The changes allow private firms to hold overseas bank accounts and trade directly with foreign investors.

Cuba passed its largest free-market reforms in decades in June, comprising 176 measures, and began implementing them in late July. The changes allow private firms to hold overseas bank accounts and trade directly with foreign investors.

Secretary of State Marco Rubio stated that those sanctioned "are part of the corrupt Castro financial and intelligence network." Cuban Foreign Minister Bruno Rodríguez responded on X, calling collective punishment a crime under international law.

Secretary of State Marco Rubio stated that those sanctioned "are part of the corrupt Castro financial and intelligence network." Cuban Foreign Minister Bruno Rodríguez responded on X, calling collective punishment a crime under international law.

Sanctions expert Brett Erickson of Obsidian Risk Advisors said Cuba's government would likely seek alternative procurement methods for restricted parts, warning this would raise costs, fuel inflation and deepen the country's economic difficulties.

Sanctions expert Brett Erickson of Obsidian Risk Advisors said Cuba's government would likely seek alternative procurement methods for restricted parts, warning this would raise costs, fuel inflation and deepen the country's economic difficulties.

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