GECOMEX
A Cuban foreign-trade conglomerate designated on 13 July and granted a wind-down window to 12 August under FAQ 1262.
GECOMEX, Cuba's foreign-trade conglomerate, landed on the 13 July 2026 EO 14404 sanctions tranche, but stood apart from most of that day's list by also receiving OFAC wind-down guidance, a window closing 12 August.
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, the Grupo Empresarial de Comercio Exterior, is a Cuban foreign-trade conglomerate that State folded into the funding-source rationale behind its 13 July 2026 Executive Order 14404 wave, one name among ten.
What sets GECOMEX apart from most of the wave is FAQ 1262: OFAC's same-day guidance gives non-US counterparties a closing date of 12 August 2026 to unwind any dealings with the conglomerate, or with subsidiaries it majority-owns, before sanctions exposure attaches. US persons get no such grace period; the Cuban Assets Control Regulations already barred them outright.
GECOMEX's own corporate structure and leadership are not covered by anything traced here, a gap that should not be filled with assumption.
What is GECOMEX?
What is the wind-down deadline for GECOMEX?
