View of the city of Managua, Nicaragua. File photo MANAGUA, June 23 Inflation caused by Western sanctions against Russia exacerbates the economic downturn in the economies of Latin America, and the restrictions themselves are a time bomb and result in social protests, Nicaraguan MP Wilfredo told RIA Novosti Navarro.
"For countries where the problems of the poorest classes are not addressed and there are no mitigating measures, sanctions (against the Russian Federation – ed.) are a ticking time bomb. It threatens Ecuador, Brazil, El Salvador, Guatemala, Honduras, that is, countries that are trying to fight the current crisis and encounter new serious problems as it deepens,” said Navarro, second secretary of the National Assembly of Nicaragua.
Social and trade union protests, fueled by rising fuel prices, have already erupted in two South American countries, Ecuador and Argentina. Ecuadorian President Guillermo Lasso had previously issued a state of emergency decree in an attempt to bring days of indigenous and civil society protest under control. Fuel prices in this country have doubled in three months: gasoline costs $2.55 per gallon (3.7 liters), diesel fuel has reached $2.Argentine transport workers' unions began indefinite protests the day before and block roads in the country, demanding from the government to ensure diesel supplies and reduce its cost amid the shortage.