Joe Biden enacted a law that would enable new sanctions against the Daniel Ortega government.

Joe%20Biden%20enacted%20a%20law%20that%20would%20enable%20new%20sanctions%20against%20the%20Daniel%20Ortega%20government.
source: www.americanpost.news

Joe Biden enacted a law that would enable new sanctions against the Daniel Ortega government.

The so-called RENACER law will allow restricting multilateral bank loans to combat corruption in the country after presidential elections that are considered "a sham."

The president of the United States, Joe Biden, promulgated a law on Wednesday that enables new sanctions against the Daniel Ortega regime in Nicaragua, which Washington considers a "dictatorship."

Biden sanctioned the "Law to Strengthen Nicaragua's Adherence to the Conditions for the Electoral Reform of 2021", better known as the RENACER Law for its acronym in English, "which imposes sanctions on the government of Nicaraguan President Daniel Ortega," reported the White House in a statement, noting that it allows "restricting multilateral bank loans and fighting regime corruption."

The law, passed jointly with Democrats and Republicans in the US Congress six days ago, authorized a review of the free trade agreement with the Central American country.

The legislation calls on the Biden administration to review Nicaragua's participation in the free trade agreement with Central America and to ask it to increase sanctions against key players in the Ortega government.

The text also urges Biden to expand cooperation with Canada and the European Union (EU) on policy towards the Central American country. The project also develops the supervision of loans from international financial institutions to Nicaragua.

Ortega has just extended his grip on power in a presidential election that Washington has denounced as a sham.

The arrests of dozens of opposition politicians, including presidential hopefuls, practically guaranteed that Ortega, a former Marxist guerrilla, would win a fourth consecutive term in Sunday's elections, reinforcing his grip on the Central American country.

On Tuesday, the United States assured that Nicaragua is no longer a democracy and a dictatorship.

"It has gone from a weak democracy to a completely authoritarian government," Ricardo Zuniga, the US State Department's assistant secretary for the Western Hemisphere, told a news conference by telephone. "It's a dictatorship ... with no democratic mandate."

Zúñiga's comments represent the most robust assertion that the government of President Joe Biden has made to date to refer to the Ortega administration after the elections.

They also take place one day after the start of the General Assembly of the Organization of American States (OAS), in which Washington hopes that a large part of the region will condemn the situation in Nicaragua, demand the release of the so-called "political prisoners" and analyze the actions to be followed to preserve democracy in the Americas.

On Tuesday, OAS Secretary General Luis Almagro rejected Ortega's "illegitimate" reelection in Nicaragua and urged the General Assembly of the organization to act in the face of what he called a "clear violation of the Democratic Charter" of the organization.

"We reject the results of the illegitimate elections in #Nicaragua," Almagro said on his Twitter account and accompanied his message with a 17-page report from the Secretariat for the Strengthening of Democracy that proposes to "cancel" last Sunday's elections and celebrate others with internationally accepted guarantees and conditions.

"The international community must demand the annulment of the elections on Sunday, November 7, and call for the holding of a new electoral process, with guarantees, electoral observation, and true electoral competition," the report states.

Nicaragua's Supreme Electoral Council (CSE) awarded Ortega 75.92% of the votes on Monday's preliminary vote. However, at least 40 countries rejected those results.

In late 2018, the US Congress already approved a bill known as the Nica Act, which directs U.S. authorities at multilateral credit institutions to suspend funding to state agencies in Nicaraguan. Use influence.