KHARTOUM, Feb 7 (Reuters) – The U.S. Treasury is preparing to launch a string of civil actions against companies it says have breached sanctions imposed on Sudan for abusing human rights and supporting terrorism, a senior official told Reuters on Thursday.
Agents had built up a “queue” of enforcement actions against violators that will be rolled [...]
KHARTOUM, Jan 20 (Reuters) – Sudan has appointed Musa Hilal, a man Washington accuses of coordinating Darfur’s marauding militias, to a central government position, a move condemned by international human rights campaigners.
Minister of Federal Affairs Abdel Basit Sabderat confirmed Hilal had been picked as his new adviser. The presidency had earlier denied the appointment.
“Yes [...]
CRAWFORD, Texas, Dec 31 (Reuters) – U.S. President George W. Bush on Monday signed into a law a measure aimed at allowing states, local governments, mutual funds and pension funds to divest from Sudan businesses, particularly its oil sectors.
Some 20 U.S. states have initiated divestment efforts because of the conflict in Sudan’s Darfur region, which [...]
DAKAR, Nov 16 (Reuters) – U.S. sanctions on Sudan’s telecoms company Sudatel are having no effect at all as it pursues an expansion into Africa by seeking stakes in Nigerian and Congolese operators, its Chief Executive said on Friday.
Sudatel, which is 26-percent state-owned, featured on a list of 31 Sudanese companies barred in May from [...]
CAIRO, Nov 6 (Reuters) – New regulations governing U.S. sanctions against Sudan mean U.S. businesses can now operate more easily in the semi-autonomous south, which is struggling to develop after decades of war with Khartoum, analysts said.
An Oct. 31 notice from the U.S. Office of Foreign Assets Control (OFAC) has cleared up confusion arising from [...]
KHARTOUM, Sept 25 (Reuters) – Sudan’s central bank will stop trading in U.S. dollars and move its reserves into euros and other currencies to minimise the risk of U.S. sanctions against the growing economy, a bank official said.
Hussein Yahya Jangoul, head of financial markets at Sudan’s central bank, told Reuters by the end of the [...]
WASHINGTON, Aug 12 (Reuters) – The campaign to persuade U.S. companies and investors to halt the flow of dollars to war-torn Sudan through China and other countries is making significant progress, activists say.
U.S. sanctions on Sudan, where conflict in the Darfur region has been branded “genocide” by President George W. Bush, already limit most transactions, [...]
KHARTOUM, Aug 3 (Reuters) – Sudan has strong potential for oil exploration and expansion but big European players will be reluctant to invest for fear of pressure from groups advocating divestment because of violence in its Darfur region.
This has left the door open to Chinese firms, less sensitive to shareholder opinion, whose country is hungry [...]
KHARTOUM, June 7 (Reuters) – Sudan’s boom economy is likely to take a downturn after Washington strengthened sanctions against Khartoum and Sudan’s central bank restricted foreign currency transactions, analysts and traders say.
Last week the United States imposed further sanctions on Sudan to pressure the government to halt the violence in its Western Darfur region and [...]
The Christian Science Monitor
This January, the US Treasury took an action aimed at a particular bank halfway around the world.
The move – putting Bank Sepah of Iran on a blacklist of institutions barred from access to America’s financial system – bore immediate fruit, Treasury officials say.
“Banks in the United States were legally required to cut [...]
