US President Joe Biden signed a decree this Monday (24) that increases economic pressure on the regime of Nicaraguan dictator Daniel Ortega.
The executive order prohibits US companies from doing business involving the Nicaraguan gold industry. In addition, the Treasury Department also announced sanctions against the head of Nicaragua’s mining authority and other high-ranking officials of the regime.
“The Ortega-Murillo regime’s continued attacks on democratic actors and members of civil society and the unjust detention of political prisoners demonstrate that the regime feels it is not bound by the rule of law,” said Brian Nelson, Treasury Undersecretary, adding that US actions are aimed at denying the dictatorship “the resources it needs to continue to undermine democratic institutions in Nicaragua.”
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With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.