On Monday, Nicaragua withdrew its ambassador from Argentina as a protest against statements made by the incoming administration of ultra-libertarian president-elect Javier Milei regarding Daniel Ortega's regime.

"In the face of repeated declarations and expressions from the new rulers, the government... has proceeded to withdraw its ambassador... Carlos Midence," Foreign Minister Denis Moncada said in a statement, noting that the recalling is "effective immediately".

Ortega and leaders from Cuba, Venezuela, the DPRK, and China have not received invitations to attend Milei's upcoming inauguration on Sunday.

He has explicitly mentioned that he will not foster "relations with communists," specifically citing those five countries.

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The far-right elect will be instated in office on December 10. He has expressed anti-BRICS sentiments, opting for involvement in the South American trade bloc. 

Milei also showed interest in a friendly foreign policy with the US and "Israel", and proposed the dollarization of the Argentinian currency. 

Current Foreign Minister Santiago Cafiero was quick to criticize the proposal, claiming it puts the Argentinian economy at risk of losing monetary sovereignty. 

He added that "exports are the way, that dollars should be produced by exports."

The US and the EU have imposed sanctions on the government in Managua, leading to the closure of over 3,000 associations, NGOs, and unions following the 2018 protests.

Read more: Argentina FM criticizes presidential candidate's "dollarizing economy"