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 […]
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 […]
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, 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 […]
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 […]
International Herald Tribune The Bush administration’s new sanctions against Sudan aim to squeeze the country’s economy by freezing Sudanese companies out of American financial institutions and curtailing their dollar transactions. U.S. government officials described the sanctions during recent interviews and press briefings as a significant move to raise the pressure on Omar Hassan al-Bashir, Sudan’s […]
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 […]
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 […]
