Spanish companies operating in Cuba are reportedly assessing the potential risks of continuing to do business in the country after the U.S. sanctioned GAESA, the Cuban communist regime’s tourism conglomerate.
GAESA, or Grupo de Administración Empresarial S.A., is a branch of the Cuban regime operated by its military that controls as much as 40 percent of Cuba’s entire economy. GAESA operates the nation’s tourism industry — one of the few areas that the ailing regime invests time and resources in maintaining, as it represents one of the main sources of income for its repressive apparatus. In addition to tourism, GAESA manages other key sources…
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