HomeNewsUS imposes sanctions on Nicaragua bank, senior officials

US imposes sanctions on Nicaragua bank, senior officials

The United States on Thursday imposed sanctions on a Nicaraguan bank and two senior officials, expanding pressure over the leftist government’s crackdown on protests and alleged corruption.

The Treasury Department said it would freeze any US assets and ban transactions with the Caruna bank as well as Nicaragua’s attorney general and the secretary of the presidency.

The Treasury Department alleged that President Daniel Ortega used Caruna, which stands for Cooperativa De Ahorro Y Credito Caja Rural Nacional, as an unregulated slush fund that takes money from the state oil company to provide patronage to supporters.

It accused the attorney general, Ana Julia Guido De Romero, of leading efforts to charge prisoners detained for peaceful protests, including some arrested for delivering water to a group of mothers on a hunger strike as they sought justice for their children.

The latest move “promotes accountability for the Ortega regime and those who are attempting to further its atrocious activities,” Secretary of State Mike Pompeo said in a statement.

“The United States will continue to take the necessary steps to support the Nicaraguan people and pressure the Ortega regime to cease repression, respect human rights and allow the conditions for free and fair elections that would restore democracy to Nicaragua.”

President Donald Trump’s administration has been raising pressure on Nicaragua as well as its leftist allies Cuba and Venezuela.

It has already imposed sanctions on Ortega as well as his wife, Vice President Rosario Murillo.

A leader of the left-wing Sandinista movement, Ortega was re-elected in disputed polls in 2016 for a term that ends in 2022.

More than 300 people died as security forces put down protests in 2018 that sought earlier elections after Ortega pushed social security reforms.

Trending Now

Costa Rica Peace Festival Brings Art and Music to Alajuela

A Peace Festival de Arte will stretch out over five months with activities for everyone, starting with an inauguration on Wednesday, September 23 and...

Costa Rica’s Two-Century Fight to Keep Its Orchids

For nearly two centuries, Costa Rica's forests have drawn collectors chasing the same prize. It has one of the richest orchid floras on the...

US Diesel Export Ban Talk Puts Costa Rica Fuel Prices on Edge

Trump backs a ban on US diesel exports as Costa Rica, which buys much of its diesel from the United States, faces a proposed increase of up to 100 colones per liter in October.

Costa Rican Lawmakers Reject Minute of Silence for Man Who Died in ICE Custody

Costa Rica's Legislative Assembly yesterday rejected a motion to hold a minute of silence for Carlos Josué Marchena, a Costa Rican man who died...

Atlantic Reaches Late September Without a Hurricane for the First Time Since 1914

The Atlantic Ocean has reached late September without producing a single hurricane, something that has not happened in 112 years. As of this morning,...

Heavy Rains Hamper Access to Irazú Volcano and Costa Rica’s Caribbean

Heavy rains caused a landslide on Route 219 toward Irazú Volcano and forced another closure of Route 32, disrupting travel across two important Costa Rica routes.

New Costa Rica Law Requires Wildlife Crossings on Public Infrastructure

Costa Rica now has a law requiring wildlife crossings on public infrastructure projects, but the regulation that will actually put it into practice could...

Scientists Name First New Wild Cat Species in Over 100 Years

A small spotted wild cat from the cloud forests of Bolivia has been formally described as a new species. Scientists say it is the...

Pura Vida: Past the Point of No Return

Growing up on the Lower East Side of New York certainly didn’t prepare me for the culture shock of moving to a sleepy little...
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel