In one more step in the escalation against the Government of Pedro Sánchez, Algeria has ordered its banks to freeze operations related to trade with Spain.
According to different Algerian media, the Association of Banks and Financial Entities (Abef) has given the directive to the financial entities of that country to freeze direct debits in all foreign trade operations of products with origin and destination in Spain as of this Thursday June 9.
Algeria thus shows that the suspension of the Friendship Treaty with Spain after two decades in force is not just a rhetorical decision and has practical consequences for trade between the two countries.
The freeze does not affect the fulfillment of energy supply contracts for now, but the deterioration is increasing since the Prime Minister ratified this Wednesday in the Congress of Deputies his lurch so that the Sahara ends up being an autonomous community within Morocco.
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Articles Carlos Segovia