U.S. Sanctions Target Nicaragua's Gold Sector and Political Elites
The U.S. Treasury has imposed sanctions on entities and individuals in Nicaragua's gold sector, including government officials and companies, for illicit activities. The sanctions aim to combat the Murillo-Ortega regime's misuse of assets and revenue flows. This move continues Washington's long-standing pressure on Managua to implement reforms.
The United States Treasury Department has tightened its grip on Nicaragua's economic structures, imposing new sanctions on entities and individuals involved in the country's lucrative gold sector.
The targeted sanctions include measures against Santiago Hernan Bermudez Tapia, the vice minister of energy and mines, and other high-ranking officials, due to their roles in enabling the government's control and profitability from gold transactions.
This is part of a broader U.S. strategy, ongoing since 2018, aimed at pressuring Nicaragua's leadership, led by Rosario Murillo and Daniel Ortega, to implement democratic reforms and address allegations of human rights violations.
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