Visa and Mastercard payments are to be suspended in Cuba after a foreign bank that processes the transactions on the island decided to end its relationship with a Cuban state financial services

Secretary of State Marco Rubio sanctioned five Cuban entities including ICAP, targeting networks he says enable Cuba's subversive radical operations.

Thousands of claims by American citizens and companies for properties nationalized in Cuba are now worth billions.

By Dave Sherwood and Kylie Madry June 3 (Reuters) - Cuba will suspend Visa and Mastercard transactions starting June 6, its central bank said on Wednesday, citing sanctions imposed by the United States that in recent days have led a swath of foreign businesses to sever ties with the Caribbean island.

Trump administration rolls out unprecedented secondary sanctions on Cuba targeting foreign firms doing business with military-linked conglomerate GAESA.

The US side has doubled down on its blockade and sanctions on Cuba, going so far as to add Cuban leaders to its sanction list. That once again reveals the US hegemonic and domineering behavior and bullying practices.

By Dave Sherwood HAVANA, June 2 (Reuters) - Cuba on Tuesday defended a military-run conglomerate long the target of U.S. sanctions, saying the group of businesses known as GAESA has contributed to the nation's economic and social development despite a recently ramped-up U.

Cuba on Tuesday denounced American "slander" against its military-backed conglomerate GAESA, which dominates the island's economy and was the recent target of new United States (US) sanctions.