Despite Trump's campaign pledge to improve relations with Moscow, there has been no significant improvement in foreign policy cooperation between the two countries.
The statement continues, "The Cuban government denounces the new measures to tighten the blockade, which are destined to fail as has been shown repeatedly in the past, and which will not achieve its goal to weaken the revolution or to defeat the Cuban people, whose resistance to the aggressions of any type and origin has been proven over nearly six decades".
Former President Barack Obama's move to reinstate diplomatic relations December 17, 2014 remained in place with both embassies in Havana and Washington open.
Saying Washington's recent "haughty" remarks against Cuba were reminiscent of the rhetoric during the Cold War, the Kremlin strongly criticized Trump's decision to rollback his predecessor Barack Obama's policies towards Cuba.
Today's announcement by President Trump that his administration will once again tighten travel restrictions between the U.S. and Cuba poses a setback for the company.
"Easing of restrictions on travel and trade does not help the Cuban people", he said at an event in Miami on Friday.
Media captionWhat is Trump changing with Cuba?
"Any strategy to change the political, economic and social system in Cuba, whether through pressure. or through more subtle methods, will be doomed to failure", Raul Castro's government said. Trump has labelled the initial deal "completely one-sided".
Mr Trump cast that as a sign the USA still wanted to engage with Cuba in hopes of forging "a much stronger and better path". "They only enrich the Cuban regime".
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The new measures prohibit financial transactions with Cuba's military-backed tourism conglomerate GAESA, which had hoped for a windfall from a new surge in American visitors.
Other categories of allowed travel to Cuba, such as for Cuban-Americans to visit family and educational exchanges, will still be allowed. The policy memorandum directs the Treasury and Commerce departments to create new regulations within 30 days, although they wouldn't be in place for several months.
The statement added that Trump had been "poorly advised" to favour the political interests of an "extremist minority" of Cuban-Americans living in Florida, who, because of "petty motivations, will not give up on their ambition of punishing Cuba".
"We want this relationship to be one in which we can encourage the Cuban people through economic interaction".
"I am proud to be an American", said 75-year-old Modesto Castaner, who trained with the Central Intelligence Agency in Guatemala before taking part in the failed bid to overthrow Fidel Castro's rule.
Private entrepreneurs say Americans represent a disproportionate share of their revenue because they spend more than other travelers for high-end services that badly run state-operated business typically can not provide.
However, Trump will stop short of breaking diplomatic relations restored in 2015 after more than five decades of hostilities.
Ramon Saul Sanchez, leader of the anti-embargo Movimiento Democracia, told AFP that the changes do not fully reverse Obama's open-hand policy as Trump had suggested.
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