Biden closes door on Ortega's gold

Central America in Minutes
25/10/2022 6 min

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Episode Synopsis

On Monday the Biden administration expanded Trump-era sanctions to the Nicaraguan economy, cutting off the country’s lucrative gold industry from U.S. markets as Managua deepens energy cooperation with Moscow and Tehran. The administration, aware that other Central American leaders are watching, says it will study similar moves against other industries bankrolling Ortega.

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