What is Sherritt International Corp. doing in response to Trump's latest sanctions against Cuba?

Sherritt International Corp. is consulting with advisers and stakeholders and assessing the implications of Trump’s latest executive order, which targets non-U.S. citizens or entities conducting business in Cuba—particularly in defense, mining, finance, and security sectors.

How has Trump’s recent escalation of sanctions affected Sherritt’s operations in Cuba?

Following Trump’s January 2025 actions—including seizing Venezuela’s leader and blocking all but one Russian tanker from delivering oil to Cuba—Sherritt announced a temporary halt to its Cuban operations in February due to the resulting fuel shortages, chronic power outages, and scarcity of gasoline, diesel, and jet fuel.

Canadian Miner Invested in Cuba Says It's Assessing Trump's Fresh Sanctions

May 4, 2026

Sherritt International is assessing new U.S. sanctions targeting Cuba's mining sector, which could disrupt its cobalt and nickel operations. The company previously halted activities due to fuel blockades and faces significant asset risks amid escalating geopolitical tensions.

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Sherritt International Halts Cuba Mining Operations Due to US Sanctions

Canadian Miner Invested in Cuba Says It's Assessing Trump's Fresh Sanctions

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