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LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

November 8, 2022

How Are Sanctions Affecting Ortega’s Grip on Power?

The United States recently imposed new sanctions on the government of Nicaraguan President Daniel Ortega. // File Photo: Nicaraguan Government.

Q

  • The administration of U.S. President Joe Biden on Oct. 24 sought to ratchet up pressure on Nicaraguan President Daniel Ortega by threatening to ban Americans from doing business in Nicaragua’s gold industry and by raising the possibility of imposing new trade restrictions on the Central American country. The Biden administration also stripped the U.S. visas of about 500 Nicaraguan government insiders. What effect will the sanctions have on Ortega’s government, and what has been the result of previous U.S. sanctions on the country? How critical is Nicaragua’s gold industry to Ortega’s hold on power? What are the most important forces keeping Ortega in office, and are there any cracks in the base that supports him?

A

Ryan C. Berg, director of the Americas Program at the Center for Strategic & International Studies: “Following Nicaragua’s recent sham local elections, the Ortega-Murillo regime has moved to consolidate its control of a one-party state in Central America. The Sandinistas now control every single mayorship in the country. Recent U.S. sanctions against the gold industry in Nicaragua will affect an important source of revenue, yet they could be difficult to enforce. Gold has certain properties that make it…”

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