United States embargo against Nicaragua

In a strategy similar to the embargo against Cuba, it was intended to undermine the Sandinista government which came to power in 1979.

[citation needed] Ronald Reagan, on the day he declared the embargo, stated: "I, Ronald Reagan, President of the United States of America, find that the policies and actions of the Government of Nicaragua constitute an unusual and extraordinary threat to the national security and foreign policy of the United States and hereby declare a national emergency to deal with that threat.

"[2] Reagan made four demands against Nicaragua during his embargo announcement: In 1986 the embargo was found to be in violation of the Treaty of Friendship, Commerce, and Navigation between the United States and Nicaragua but not of the international law obligation of non-intervention by the International Court of Justice.

The court's ruling states that the embargo was "in breach of obligations under Article XIX of the Treaty of Friendship, Commerce and Navigation between the Parties signed at Managua on 21 January 1956", but that it was "unable to regard such action in the present case as a breach of the customary law principle of non-intervention".

[2] The United States was therefore obligated "to cease and to refrain from all such acts" and pay an unspecified amount in reparations to Nicaragua.

Nicaragua inflation 1980 -1993