02/06/2026
The G*E is not an opaque entity, nor is it parallel to the Cuban State; on the contrary, it has been a coordinated response of proven effectiveness against the economic blockade that has historically sought to suffocate the Cuban Revolution
The U.S. government has once again acted with premeditated intent in its eagerness to fabricate pretexts to discredit the Cuban Revolution, its historic leadership, and its leaders, thereby confusing both our people and international public opinion.
All of this is part of a roadmap designed by ideologues of the Cuban-American far right, who boast of being creative and unpredictable. Their strategy centers on the use of tools that intensify the policy of maximum pressure in an extreme and unprecedented manner.
The most recent sanctions against Cuba, announced on May 1, are part of that plan. Executive Order 14404 targets the Grupo de Administración Empresarial (G*E), this time in conjunction with so-called secondary sanctions aimed at any foreign entity conducting transactions of any kind with this group, with an emphasis on pressuring financial institutions.
This represents the most intense, disproportionate, and dangerous escalation in the recent history of relations between Cuba and the United States.
The deliberate aim is to isolate the country diplomatically, commercially, financially, and energetically; to undermine the nation’s sustainability; to set conditions for dialogue; and to evaluate options for military aggression. They need to construct and consolidate a narrative designed to discredit the reputation of all the institutions that underpin our social project.
The G*E was founded in the midst of the Special Period to confront the economic war, with a creative, unique, indigenous, and genuinely Cuban vision. Its objective has always been to bring together companies capable of generating the foreign exchange and resources the State requires to maintain and develop social achievements and contribute to the promotion of sectors and branches of national life.
The services rendered to the homeland by the Business Administration Group are countless. The material and financial contributions of this organization can be seen in diverse examples: in the construction of more than 10,000 homes in various provinces of the country, in the creation of a Pioneer Camp and vacation programs for children, and in the way the Cuban economy was sustained during the years of the COVID-19 pandemic.
The proceeds from these business activities have also been allocated to investments in the Lidio Ramón Pérez (Felton) thermoelectric plant in Holguín, as well as to the design and consolidation of major water projects, including the East-West and North-South water transfers, which benefit millions of Cubans. This includes investments and repairs made to polyclinics, family doctor clinics, and schools. All these activities have been systematically reported to the leadership of the Party, the State, and the Government and, in all cases, have been subject to the strictest oversight and scrutiny by the competent authorities and mechanisms.
The G*E is not an opaque structure, nor is it parallel to the Cuban State; on the contrary, it has been a coordinated response of proven efficiency against the economic blockade that has historically sought to suffocate the Cuban Revolution.
As stated by the First Secretary of the Party’s Central Committee and President of the Republic, Miguel Díaz-Canel Bermúdez, at the 8th Party Congress, the business reforms first implemented within the Revolutionary Armed Forces are of great historical significance; this experience subsequently served the country, and its notable results contribute to the national economy.
Over the past 30 years, thousands of men and women have served as the discreet guardians of the country’s resources and deserve recognition. Although their work has not been sufficiently acknowledged, it speaks for itself and stands above the state-sponsored slander orchestrated from Washington.
Today, as the will of the Cuban people is expressed through a process of change, as outlined in the Government’s Economic and Social Program, this organization is an active participant in the transformation of the country’s business system.
The G*E is not the product of secrecy, nor of elites, and much less a means of enrichment for a select few. On the contrary, it is one of the many examples that, throughout our journey, has enabled us to resist the constant aggression of the U.S. government. Its history was built, in the words of the Leader of the Cuban Revolution, Army General Raúl Castro Ruz: “without the slightest desire for the limelight, as serious matters are done.”
Havana, June 2, 2026
“Year of the Century of Commander-in-Chief Fidel Castro Ruz”