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 […]
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, […]
Economist Intelligence Unit In May 2007, when the US tightened its economic sanctions on Sudan in response to the ongoing humanitarian crisis in Darfur, few observers thought the move would have much effect. Years of US sanctions—originally imposed during the previous north-south civil war—meant that bilateral trade and investment were already almost non-existent. Six months […]
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 […]
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 […]
Prepared Remarks of Office of Foreign Assets Control Director Adam J. Szubin on the Treasury Department’s Role in Addressing the Situation in Darfur Before the Senate Committee on Banking, Housing and Urban Affairs Washington, DC — Chairman Dodd, Ranking Member Shelby and Members of the Committee, thank you for the opportunity to speak to you […]
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 […]
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 […]
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 […]
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 […]
