Companies
Foreign businesses including several international hotel chains have ended or vastly reduced their presence in Cuba ahead of a Friday deadline from US President Donald Trump to sever ties with military conglomerate GAESA, which controls much of the island's economy and is sanctioned by Washington.
Welcome light: Dawn breaks over the Havana skyline on March 22 as Cuba begins efforts to restore power after its grid collapsed for the second time in a week, amid a United States oil blockade that has dealt a major blow to the island state's ailing energy infrastructure. (Reuters/Norlys Perez)
Indonesian hotel chain Archipelago International has confirmed its exit from Cuba citing US sanctions, with the group telling AFP on Friday it may resume operations "if the situation improves".Foreign businesses including several international hotel chains have ended or vastly reduced their presence in Cuba ahead of a Friday deadline from US President Donald Trump to sever ties with military conglomerate GAESA, which controls much of the island's economy and is sanctioned by Washington.
Archipelago International announced in a statement dated Wednesday and shared with AFP on Friday the "conclusion of management arrangement" for its six hotels in Cuba, operated under the Aston brand.
