Nicaragua In The Multipolar World
The United States and the European Union announced new sanctions on the day that Daniel Ortega was inaugurated as president of Nicaragua. The move was not surprising, given that the United States congress passed the RENACER Act one week before elections which were held on November 7.
The people of Nicaragua have acted in defiance of the United States ever since the 1979 revolution. First, Ronald Reagan used reactionary forces, the Contras, as proxies in an attempt to destroy the new government. The Reagan administration mined Nicaragua’s harbors and fomented a war which cost an estimated 30,000 lives. The United States still owes Nicaragua $17 billion in compensation for the damage it created decades ago.