GECOMEX
A Cuban foreign-trade conglomerate designated on 13 July and granted a wind-down window to 12 August under FAQ 1262.
Last refreshed: 17 July 2026 · Appears in 1 active topic
GECOMEX got a sanctions wind-down clock; why did the same-day guidance skip Cuba's Tourism Ministry?
Timeline for GECOMEX
Tourism ministry lands in ten-name wave
Cuba DispatchReceived a wind-down window to 12 August
Cuba Dispatch: OFAC covers two, says nothing on tourismBackground
GECOMEX (Grupo Empresarial de Comercio Exterior) was designated by the US State Department on 13 July 2026 under Executive Order 14404, in the 'sources of funding' cluster of that day's ten-entity wave.
Unlike most of the other entities designated the same day, GECOMEX was named in OFAC's same-day FAQ 1262, which grants non-US persons until 12 August 2026 to wind down transactions with it, or with any entity it owns 50% or more of, without exposure to sanctions risk. US persons remain barred from dealing with GECOMEX regardless of the wind-down window under existing Cuban Assets Control Regulations.
Beyond its role as a foreign-trade conglomerate, the public record does not establish further detail on GECOMEX's structure or leadership; that gap should not be filled with assumption.
What is GECOMEX?
What is the wind-down deadline for GECOMEX?
