USA adds 26 subentities to Cuba Restricted List

Last week, the US Department of State announced that it has added 26 subentities, including 16 hotels owned by the Cuban military, to the Cuba Restricted List.

That list comprises entities and subentities under the control of the Cuban military, intelligence, and security services or personnel. Direct financial transactions with those entities and subentities are prohibited (bar a few exceptions) on the basis that they would disproportionately benefit those services or personnel at the expense of the Cuban people or private enterprise in Cuba – see the Cuban Assets Control Regulations, 31 CFR §515.209.