US sanctions Daniel and Maurice Ortega, 7 mining companies, and deputy minister
US sanctions 2 of Ortega's sons, a deputy minister, and a mining network linked to confiscations. The measures hit the regime's financing and its control over gold.
TL;DR
- The U.S. Treasury sanctioned five officials, seven gold sector companies, and two sons of Daniel Ortega and Rosario Murillo.
- Sanctions target individuals and entities involved in generating resources for the regime and confiscating properties of U.S. citizens.
- Key individuals sanctioned include Maurice Facundo Ortega Murillo and Daniel Edmundo Ortega Murillo, sons of the ruling couple.
- Companies sanctioned include those involved in gold mining and trading, such as Exportadora de Metales S.A. (EMSA), Grupo Minero Xiloa S.A., and Thomas Metal S.A.
- Companies linked to the seizure of U.S. citizens' properties, Zhong Fu Development S.A. and Santa Rita Mining Company S.A., were also sanctioned.
- The sanctions aim to impact the political, economic, and family network sustaining the Nicaraguan regime.
- The gold sector is identified as a primary source of financing for the dictatorial government.