Nicaraguan lawmakers pass bill forcing local banks to ignore foreign sanctions

26/11/2024 6:04

        Nicaragua's parliament on Monday approved a law that seeks to nullify foreign sanctions issued against President Daniel Ortega's vice president and wife Rosario Murillo, several of their children and some 50 high-ranking state officials.
        
        The legislation, although unable to curb the impact of sanctions outside the country, aims to nullify their reach within Nicaragua by forcing local banks and other institutions to ignore them.
        
        It was unanimously approved by all 91 pro-government deputies in the Central American nation's ruling Sandinista Front-dominated parliament after Ortega sent the bill to parliament last week.