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 [...]
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 today [...]
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 [...]
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 [...]
CAIRO, May 30 (Reuters) – Amnesty International said on Wednesday U.S. sanctions alone would do little to stop violence in Sudan’s Darfur region and urged Arab states to press Khartoum to accept a hybrid peacekeeping force.
“The support of the entire international community is needed to have an impact on the Sudanese government,” Amnesty’s Secretary-General Irene [...]
KHARTOUM, May 30 (Reuters) – Sudan believes fresh U.S. economic sanctions will have minimal impact in Khartoum because the country has no direct trade ties with the United States, a senior Sudanese Finance Ministry official said on Wednesday.
U.S. President George W. Bush imposed new unilateral sanctions on Sudan on Tuesday and sought support for an [...]
WASHINGTON, May 29 (Reuters) – President George W. Bush imposed new U.S. sanctions on Sudan on Tuesday and sought support for an international arms embargo out of frustration at Sudan’s refusal to end what he called a genocide in Darfur.
“The people of Darfur are crying out for help, and they deserve it,” Bush said.
Accusing the [...]
UN ARMS EMBARGO
Background
The Security Council first imposed an arms embargo on all non-governmental entities and individuals, including the Janjaweed, operating the states of North Darfur, South Darfur, and West Darfur on 30 July 2004 with the adoption of resolution 1556. The sanctions regime was modified and strengthened with the adoption of resolution 1591 (2005) [...]
UN ARMS EMBARGO
Background
The Security Council first imposed an arms embargo on all non-governmental entities and individuals, including the Janjaweed, operating the states of North Darfur, South Darfur, and West Darfur on 30 July 2004 with the adoption of resolution 1556. The sanctions regime was modified and strengthened with the adoption of resolution 1591 (2005) [...]
