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Dadparvar
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The Nicaraguan National Assembly approved the plans to nationalize the gas station chain Distribuidor Nicaraguense de Petroleo (DNP) on Saturday.
President Daniel Ortega sent the initiative as a matter of emergency. The law guarantees the continued supply of fuel and petroleum products. Additionally, all petroleum products owned by DNP are classified as sovereign security and of national interest.
This decision comes just days after the US government sanctioned the company due to allegations that the DNP is used for money laundering by Ortega’s family. Prior to the sanctions, US President Donald Trump issued sanctions against Nicaragua nationals due to protests that began in April.
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President Daniel Ortega sent the initiative as a matter of emergency. The law guarantees the continued supply of fuel and petroleum products. Additionally, all petroleum products owned by DNP are classified as sovereign security and of national interest.
This decision comes just days after the US government sanctioned the company due to allegations that the DNP is used for money laundering by Ortega’s family. Prior to the sanctions, US President Donald Trump issued sanctions against Nicaragua nationals due to protests that began in April.
The post Nicaragua legislature approves plans to nationalize gas station chain appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.