Nicaragua's National Assembly on Saturday approved nationalizing a major ga...
FILE PHOTO: A general view of the Nicaraguan Petroleum Distributor building in Managua, Nicaragua, December 12, 2019.REUTERS/Oswaldo Rivas/File Photo
The company, Distribuidor Nicaraguense de Petroleo , controls a third of the country’s gas sales. The U.S. Treasury Department says it is owned or controlled by Ortega family members, and was bought with public money before being transferred to the family. Edwin Castro, chief of the ruling Sandinista National Liberation Front party, which has an absolute majority in the Assembly, argued on Saturday the nationalization ensured “the supply of fuel to Nicaraguans.”On Thursday, the Treasury Department’s Office of Foreign Assets Control put Ortega’s son Rafael Antonio Ortega Murillo, DNP and two other companies he owns or controls on a sanctions blacklist.
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