Nicaragua Enacts Blocking Statute Countering U.S. Sanctions

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Nicaragua Enacts Blocking Statute Countering U.S. Sanctions

 

On November 25, 2024, the Nicaraguan government enacted the "Ley de Protección de los Nicaragüenses ante Sanciones y Agresiones Externas" (Law for the Protection of Nicaraguans Against Sanctions and External Aggressions). This new legislation is effectively a blocking statute that attempts to invalidate the enforcement of foreign sanctions, such as those imposed by the United States, within Nicaraguan territory.  The law can be downloaded here.

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2024-11-24 La Gaceta, Diario Oficial N°. 218 del 25_11_2024.pdfDownload