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WEKU
Business
The Associated Press

Biden targets Nicaragua's gold industry in a new move against Daniel Ortega

Nicaragua's President Daniel Ortega is pictured in Havana, Cuba, in December 2021. The Biden administration is dramatically ratcheting up pressure on Ortega's government in Nicaragua. (Ismael Francisco/AP)

MIAMI — The Biden administration is ratcheting up pressure on President Daniel Ortega's authoritarian rule in Nicaragua, threatening a ban on Americans from doing business in the nation's gold industry, raising the possibility of trade restrictions and stripping the U.S. visas of some 500 government insiders.

The actions, stemming from an executive order signed by President Joe Biden on Monday, are the latest and perhaps most aggressive attempt by the U.S. to hold the former Sandinista guerrilla leader accountable for his continued attacks on human rights and democracy in the Central American country as well his continued security cooperation with Russia.

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