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The Economic Times
The Economic Times

Donald Trump expands Cuba crackdown as island’s economy plunges deeper into crisis

Washington: President Donald Trump's administration is increasing pressure on Cuba by imposing more economic penalties on industries in the heavily sanctioned socialist country and broadening enforcement of laws that bar Americans who visit the island from dealings with government-owned or -affiliated businesses.

The Treasury and State departments announced Thursday that they are leveling new penalties against nine state-owned mining, metal and construction companies along with the leadership of the Cuban Institute of Friendship with the Peoples, or ICAP.

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