Documents reviewed reveal the Cuban military's revenue from remittances plummeted from $800 million in 2019 to just $35 million by May 2021, illustrating the profound impact of U.S. sanctions.
The Trump-era sanctions have crippled the Cuban military's financial inflow from remittances, which once bolstered its control over the island's economy through GAESA.
Money sent home from abroad remains crucial for many Cuban families, but the military's involvement in the remittance process allowed it to siphon funds and manipulate local currency valuation.
Sanctions against companies like Fincimex have significantly disrupted billons in remittances, showcasing how external policies directly affect the Cuban economy and the lives of its citizens.
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