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The Latest Breaking News from Gaesa

Cuban Peso Drops To All-Time Low As Economic Crisis Shows No Sings Of Abating

The Cuban peso reached a new all-time low on Monday as a partial dollarization of the economy continues

Latin Times

Miami Republican Slams Cuban Govt. Over Documents Exposing Billions In Hidden Reserves: 'Not Only Murderous And Cruel'

Republican Rep. Carlos Gimenez slammed the Cuban government following a report revealing a military-controlled conglomerate has stashed away as much as $18 billion in offshore and dollar-denominated assets

Latin Times

Leaked Documents Expose Cuban Military's $18 Billion in Hidden Reserves: Report

Cuba's military-controlled conglomerate, GAESA, has stashed away as much as $18 billion in offshore and dollar-denominated assets, according to a new report

Latin Times

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Donald Trump suddenly develops interest in financial enforcement now that it can’t interfere with his business dealings

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Marco Rubio Promises Ultimatum For Cuban Regime: 'Open Up Or Be The Owners Of a 4th World Country'

"Cuba is literally collapsing, both generationally in terms of all the young people leaving but it's also collapsing economically" said Rubio

Latin Times

Cuba Has Managed To Evade U.S. Sanctions and Siphon Millions of Dollars In Remittances to its Military

Orbit S.A., a company that was allegedly independent from Cuban military, has been revealed to be closely monitored by the government in a new investigation.

Latin Times

Cuba wants Russia’s advice on market reforms as Putin seeks more trade with the island

After much hesitation about how to deal with small and medium-size private enterprises it authorized in 2021, the Cuban government is turning to Russia for help with market reforms on the island through a partnership with a Russian think tank headed by sanctioned oligarch Oleg Deripaska, as the two countries…

Miami Herald

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Cuban general Lopez-Calleja dead of heart attack, state media says

General Luis Alberto Rodriguez Lopez-Calleja, one of Cuba's most powerful men, died on Friday of a heart attack, state media reported, leaving a critical hole in the political and economic leadership of the communist-run island.

Reuters

Cuba’s Communist Party promotes old guard general amid uncertainty after protests

Cuba’s Communist Party bent its own rules this week to promote an old-guard general to the organization’s top decision-making bodies, the latest in a number of recent changes reflecting the challenges of an aging military leadership’s grip on power.

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