US EditionEx-Paraguayan President Horacio Cartes Says U.S. Lifts Sanctions on Him
The U.S. Treasury's Office of Foreign Assets Control lifted sanctions on Horacio Cartes and his companies after more than two years of investigation into alleged widespread corruption.
- On Monday, Horacio Cartes, who previously served as Paraguay’s president, revealed via X that U.S. authorities have removed the OFAC sanctions placed on him over alleged corruption.
- The United States had placed Cartes on the foreign assets control sanctions list in January 2023, citing 'rampant corruption' that officials said undermined Paraguay's democratic institutions.
- After more than two years of investigation, Horacio Cartes and multiple businesses linked to him were taken off the U.S. Treasury Department’s OFAC sanctions list.
- Cartes voiced appreciation and gratitude for the decision, acknowledging the United States for handling the matter in a fair and impartial manner.
- This move may strengthen bilateral ties, as President Santiago Pena welcomed the decision and affirmed Paraguay's commitment to working closely with the United States.
15 Articles
15 Articles
US Removes Sanctions on Paraguay’s Ex-President Amid Warmer Ties
The US has removed Paraguay’s former head of state Horacio Cartes from its financial sanctions list amid warmer ties between the Trump administration and the conservative government of President Santiago Pena.
The U.S. Treasury lifted on Monday the sanctions that weighed since 2023 on former Paraguayan President Horacio Cartes, then marked by his "unbridled corruption," a decision announced by the leader of the ruling Colorado Party itself.
Measures referred to as "distorted corruption", which the ex-leader neglected
US lifts sanctions on Paraguay's ex-President Cartes
ASUNCION - Former Paraguayan President Horacio Cartes said on Monday that the United States Office of Foreign Assets Control (OFAC) had lifted sanctions imposed on him two years ago for his involvement in acts of alleged corruption. Read more at straitstimes.com.
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