The USA announced a new policy against Cuba, Venezuela and Nicaragua after naming the 3 countries the Latin American Terror Triangle.
The new sanction regime includes currency remittance limitation to Cuba of $1000 per quarter, new names in black lists and financial sections to the 3 countries.
The national and state-owned banks of Nicaragua and Venezuela have been sanctioned in order to weaken the illegal regimes and to foster change in their socialist practices (as reported by sources).
As part of the measures, 3 general licenses were generated 1) humanitarian aid, 2) personal remittances (subject to controls) and 3) exports of agricultural and medical products.
The new regime of sanctions and restrictions includes the designation of Laureano Ortega Murillo (Nicaragua’s president Ortega son) and Banco Corporativo SA.