European companies exit Cuba as US sanctions take effect (politico.eu)

• US sanctions target EU companies linked to GAESA, controlling about 40% of Cuba's economy.
• Meliá and Iberostar exit Cuba; Hapag-Lloyd and CMA CGM suspend shipping.
• EU response muted; 1996 blocking statute not invoked.

"As of Friday, EU-based businesses operating in Cuba risk asset freezes or being locked out of the US financial system. Spanish hotel groups Meliá and Iberostar have pulled out, German and French shipping lines suspended operations. The EU shows limited response."