Swiss trade with Cuba stifled by fears of US sanctions

The Cuban economy is in tatters. And Swiss companies are finding it harder than ever to do business with the island. Bank transfers are becoming increasingly difficult, as financial institutions are wary of US sanctions. Trade between Cuba and Switzerland now amounts to just a few million Swiss francs, and Switzerland’s main exports to Havana are paper and cardboard. While revenue stood at over CHF2.7 million ($3.4 million) in 2025, this amounted to barely CHF1 million in the first half of…