Banking, Finance, Insurance and Securities (BFIS)

Nicaragua Council Extends Tender

πŸ“„ Tender ID: 495797203 πŸ“… Published: 16 Oct 2023

πŸ“‹ Tender Overview

The Council today extended its restrictive measures in view of the situation in Nicaragua for an additional year, until 15 October 2024.

The restrictive measures currently in place apply to a total of 21 persons and 3 entities. Those designated are subject to an asset freeze and EU citizens and companies are forbidden from making funds available to them. Natural persons are additionally subject to a travel ban, which prevents them from entering or transiting through EU territories.

The EU reaffirms its continued commitment to the Nicaraguan people and to defending democracy, the rule of law and human rights. The current political crisis in Nicaragua should be resolved through genuine dialogue between the government and opposition.

The sanctions regime was first introduced in October 2019 to address Nicaragua’s deteriorating political and social situation, after the Council had repeatedly expressed its concern about such deteriorating situation in the country.

On 4 May 2020, the Council adopted the first restrictive measures against six individuals. They targeted persons and entities responsible for serious human rights violations or abuses, or for the repression of civil society and democratic opposition in Nicaragua, as well as persons and entities whose actions, policies or activities undermine democracy and the rule of law in the country.

On 13 October 2022, the Council extended its framework for imposing targeted restrictive measures for a further year.

πŸ” Key Information

πŸ“„
Tender Reference No.
495797203
πŸ“…
Publication Date
16 Oct 2023
🌐
Sector
Banking, Finance, Insurance and Securities (BFIS)
πŸ“
Notice Type
News
πŸ“
Location
Nicaragua

πŸ“ Documents & Downloads

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🏷️ CPV

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🧭 Quick Facts

Authority N/A
Country Nicaragua
State / UT N/A
Tender Type Procurement News
Currency N/A
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