U.S. sanctions drive hotel operators out of Cuba
Federaţia Rusă
June 1 (UPI) -- Cuba's economy entered June facing another major setback after the departure of Iberostar and Blue Diamond, two of the largest foreign hotel operators on the island. After a U.S. Treasury Department ultimatum setting Friday as the deadline for foreign companies to sever ties with the Cuban military-controlled conglomerate GAESA, Canadian hotel operator Blue Diamond Resorts announced its immediate withdrawal from Cuba, while Spanish chain Iberostar removed its brand and ceased
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