The European Union Bans the Import and Trade of Gold From Sudan
13 Articles
13 Articles
The new regulations include a ban on the purchase, import, and transfer of Sudanese gold. Additionally, the European Union has banned the export of mercury and cyanide to Sudan—substances commonly used in gold mining and processing. The ban also covers services and financial support. Along with the gold embargo, the European Union also introduced a ban on the provision of technical assistance, brokerage services, and financial support related to…
ussanews.com
ugandanews.netEU bans gold imports from major African producer
The precious metal has become a key source of revenue sustaining the ongoing civil war in Sudan, the bloc has said The EU has banned the purchase, import, and transfer of Sudanese gold in a move aimed at cutting off financial sources for the African country’s ongoing civil war, the bloc said on Monday. The...
The European Union on Tuesday banned the purchase, import and transfer of gold from Sudan. EU officials have described the gold trade as a key source of finance fueling the bloody civil war between the army and the Rapid Support Forces (RSF) militia that began in the country in April 2023. The conflict has displaced more than 14 million people and the African country is facing one of the worst humanitarian crises in modern times.
The purchase, import and transfer of gold from Sudan are now prohibited in the EU. The reason: the revenues from the precious metals trade fuel the brutal civil war. The Uno fears new atrocities.
Sudan: EU Bans Sudan Gold to Target War Economy
Brussels -- The Council of the European Union on Monday adopted a decision banning the purchase, import, or transport of gold originating from Sudan. It also prohibited the sale, supply, transfer or export of mercury and cyanide to Sudan. These chemicals are widely used in gold mining and extraction.
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