Nicaragua’s National Assembly Passes Law Nullifying International Sanctions

The National Assembly of Nicaragua recently approved a new law aimed at protecting Nicaraguans from international sanctions. This law declares such sanctions null and void, specifically targeting the sanctions against the Ortega-Murillo regime. It requires local financial institutions to provide services to individuals and entities affected by these sanctions.

The law was passed unanimously in a typical display of support within the Ortega-controlled parliament. It states that any sanctions imposed by foreign governments or organizations that violate international law have no legal standing in Nicaragua. This applies to all types of sanctions, regardless of their scope.

This legislation places significant pressure on the National Financial System. It may force banks to ignore international regulations, as they will be barred from cutting services to officials and agencies facing financial sanctions due to human rights violations.

Many officials from Ortega’s government have been sanctioned by countries like the United States, Canada, and several European nations for corruption and human rights abuses. This includes high-profile figures such as Rosario Murillo, Ortega’s wife, and their children. Institutions such as the Nicaraguan National Police and Telcor have also received sanctions.

The most recent sanctions were imposed by Switzerland on October 22, targeting 21 officials from the Ortega-Murillo regime and three institutions for their actions against human rights, democracy, and the rule of law in Nicaragua.