Stock Groups

Exclusive: U.S. to announce new Nicaragua sanctions ‘very soon’

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: Woman watches Daniel Ortega, Nicaraguan President, give a speech on televised television. Ortega was speaking at an event during which Juan Orlando Hernandez from Honduran agreed with Ortega to set their border in the Pacific Ocean. This included the Gul.

WASHINGTON, (Reuters) – The Biden administration will announce additional U.S. sanctions “very soon” to respond to Nicaraguan President Daniel Ortega being reelected in a vote Washington denounces as a fraud. A senior State Department official said Tuesday to Reuters that the announcement was made in response.

According to the official, the steps would only be one in a series that the U.S. government will “ramp up” over time.

Washington anticipates Ortega to be dealt with in a “strong” resolution at this week’s Organization of American States meetings, but it is unlikely that Ortega will use the opportunity to ask for Nicaragua’s withdrawal from the bloc. President Joe Biden is expected in “the coming days or hours” to sign legislation aimed at ratcheting up pressure on Nicaragua, the official said.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]