culture
South Florida expert says "secondary sanctions" against foreign businesses with ventures in Cuba is unprecedented
By Morgan Rynor at CBS4 Miami
· June 5, 2026
· 2 min read
Foreign businesses face a Friday deadline to pull out of any ventures in Cuba tied to the Cuban government or face significant financial impacts from the United States. While the U.S. has long prevented American companies from operating in Cuba, restricting foreign business on the island in this way
Key takeaway Salvador Coppola, who said he left Cuba in the 1960s after the government took all of his family's assets, including their home, expressed support for the U.
Why this matters in The Miami
The implications of these secondary sanctions will be closely watched in Miami, home to a large and influential Cuban-American community. Many residents in Little Havana and other neighborhoods have strong ties to the island and will be affected by the potential economic fallout. The University of Miami's Cuban Studies program, led by Michael Bustamante, will likely be a key resource for understanding the consequences of these sanctions. As international companies with interests in Miami, such as hotel chains, reassess their investments in Cuba, the local economy may feel the ripple effects. The sanctions may also impact the flow of remittances and travel between Miami and Cuba, which could have significant humanitarian implications for families on both sides of the strait. As the deadline passes, Miamians will be looking for clarity on how the US will enforce these sanctions and what the ultimate impact will be on the local community.
About this story
Original reporting by CBS4 Miami . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit CBS4 Miami . Have a tip or correction? Contact our newsroom .
Category: culture ·
Published: June 5, 2026 ·
Source: CBS4 Miami ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? Foreign businesses face a Friday deadline to pull out of any ventures in Cuba tied to the Cuban government or face significant financial impacts from the United States. While the U.S. has long prevented American companies from operating in Cuba, restricting foreign business on the island in this way
When was this published? This article was first published on June 5, 2026 by CBS4 Miami and curated for The Miami readers.
Who reported this story? This story was reported by Morgan Rynor at CBS4 Miami. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more culture coverage from The Miami, or browse our daily briefing and topic hubs .
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