NicaNotes: Sanctions Kill! End US Sanctions on Nicaragua

https://bit.ly/2vcS8Ff

Feb. 26, 2020

By Chuck Kaufman

When we hear the word sanctions, most Latin America solidarity activists think immediately of Venezuela. But Nicaragua is also the target of unilateral coercive measures illegally imposed by the US and the most serious sanction, the NICA Act, can’t be blamed on the Trump regime since it was imposed by Congress. Unilateral sanctions are illegal under both the UN and OAS Charters. Alliance for Global Justice is partnering with Friends of Latin America, a local committee in the Washington, DC region, to target both the Trump regime and Congress with a petition and letters to Congress demanding an end to illegal sanctions against Nicaragua.

The Trump regime has sanctioned a number of individuals, such as Vice President Rosario Murillo and functionaries in the Sandinista government, police, and army. These sanctions have an impact beyond the individual sanctioned because banks, importers, and potential investors are worried that any transaction they conduct with Nicaragua could be found to violate US sanctions resulting in loss of business with the world’s largest economy or even multi-million dollar fines.

The Nicaraguan people rejected the US-funded coup attempt in 2018 and the economy is recovering toward pre-coup levels, but US sanctions create uncertainty internationally. From experience we know it is harder to wire money to Nicaragua than it was before the coup and any business has to think twice before investing in new factories or expanding current ones. It is indicative of the US’s fading influence that there is as much post-coup investment as there is! ….

https://afgj.org/

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