The Globe and Mail reports in its Thursday edition that Cuba will suspend Visa and MasterCard transactions starting June 6, its central bank said on Wednesday, citing sanctions imposed by the United States that in recent days. A Reuters dispatch to The Globe quotes Cuba's central bank saying a foreign partner that had previously processed credit-card transactions for Cuba had decided to limit operations after a U.S. executive order on May 1 that vastly broadened sanctions on commerce with Cuba. "As a result of this decision, Cuba is unable to receive income from the sale of goods and services through internationally recognized cards such as VISA and MASTERCARD," the central bank said in a statement. The order is another blow to Cuba's economy and already-decimated tourism industry, as the Trump administration ratchets up sanctions in a bid to upend the island's Communist-run government. Credit-card transactions have historically been handled by a foreign bank and Fincimex SA, a financial arm of GAESA, a military-run conglomerate targeted with sanctions by the administration of U.S. President Donald Trump. The United States accuses GAESA of secretly hoarding profits from the country's most valuable industries.