On 24 October, the US Treasury advised about a new Executive Order on taking additional steps to address the national emergency with respect to the situation in Nicaragua. The new Executive Order gives the Treasury the authority to target certain persons that operate or have operated in the gold sector of the Nicaraguan economy, and any other sector identified by the Secretary of the Treasury in consultation with the Secretary of State. It also provides expanded sanctions authorities that could be used to prohibit new US investment in certain identified sectors in Nicaragua, the importation of certain products of Nicaraguan origin into the US, or the exportation, from the US, or by a US person, wherever located, of certain items to Nicaragua. New General License GL 4 authorises US persons to engage in transactions prohibited by the Nicaragua Sanctions Regulations that are ordinarily incident and necessary to the wind down of any transaction involving the Directorate General of Mines (DGM) of the Nicaraguan Ministry of Energy and Mines, or any entity in which DGM owns, directly or indirectly, a 50% or greater interest until 23 November, provided that any payment to a blocked person must be made into a blocked account in accordance with the Regulations. It also issued new FAQ 1093 about the General License.
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