Cuba · Economy
Key Facts
—Sanctioned entity The US Treasury has formally designated Cuba’s Ministry of Tourism (MINTUR) under Executive Order 14404, blocking its US-linked assets and prohibiting transactions by US persons.
—Sector exposure Because MINTUR is the largest player outside the military-run GAESA, the move effectively places virtually all hotel operations on the island under US sanction risk.
—Economic weight Tourism is Cuba’s second-largest source of foreign currency, historically generating about 10% of GDP and supplying 25–35% of fresh foreign income not from remittances.
