Visa, Mastercard Join Exodus From Cuba on Expanded US Sanctions

June 3, 2026, 6:39 PM UTC

Cuban revolutionary leader Raúl Castro got some unwelcome news for his 95th birthday on Wednesday: more corporations abandoning the Caribbean country under US pressure.

Visa Inc. and Mastercard Inc. transactions will be suspended on the island as of the end of this week due to President Donald Trump’s latest sanctions, the central bank said in a statement carried by state media.

Earlier, Meliá Hotels International SA announced that it’s pulling its brands and “immediately” terminating its operating agreements at 15 hotels. While the Spanish company didn’t cite US sanctions specifically, it said the decision was due to ...

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