The U.S. State Department announced new sanctions on Oct. 15 targeting a Cuban state-owned commercial bank linked to Iran as the Trump administration continues to place economic pressure on both the Middle Eastern nation and Cuba.
The sanctions designated Cuba’s Banco Internacional de Comercio S.A. under Executive Order 14404, which President Donald Trump issued in May. The order targets those responsible for threats to U.S. national security and foreign policy and for the regime’s repression of Cubans.
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