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Trump, Rubio allies vie for Cuba assets
The gist
Trump and Rubio allies are vying for control of Cuba's assets if the regime falls.
The contest matters because US sanctions are reshaping who can own Cuba's key industries.
How it unfolded
- May 1, 2026An executive order signed by Donald Trump imposed sanctions on those responsible for repression in Cuba and for threats to US national security and foreign policy.
- May 15, 2026Sherritt International was ending operations in Cuba after US sanctions.
- May 20, 2026Sherritt International turned to Ray Washburne as it pondered its Cuba future.