Home | News    Saturday 30 April 2011

US removes Sudan’s largest private bank from sanctions list

separation
increase
decrease
separation
separation

April 29, 2011 (WASHINGTON) — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) Friday removed the private Bank of Khartoum from a blacklist of Sudanese entities and individuals subjected to economic sanctions since 1997.

According to the measure, the largest bank in Sudan can now ask the return of blocked funds and assets and resume its activities with the US financial institutions.

In a notice posted on its website on 28 April, the US Treasury Department announced the deletion of the Bank from its list of sanctions without providing any explanation. The statement just cited the Bank of Khartoum and its 50 branches in the country.

However, a US official said the decision is motivated by the fact that it is no longer under the Sudanese government’s control.

Following its privatization in 2002, the Bank of Khartoum is controlled by Dubai Islamic Bank which holds 60% of its shares since 2005. The bank was among 163 Sudanese entities included in the OFAC’s list.

In October 1997, the U.S. imposed comprehensive economic, trade and financial sanctions against Sudan in response to its alleged connection to terror networks and human rights abuses. Further sanctions, particularly on weapons, have been imposed since the 2003 outbreak of violence in the western Darfur region.

US officials pledged last December before the referendum of southern Sudan independence to remove Sudan from the list of states sponsoring terrorism and to ease the economic sanctions.

However Washington made it clear that lifting the comprehensive sanctions is contingent upon resolving the crisis in Darfur.

On 12 April, the OFAC issued a press release saying that South Sudan Republic (SSR) which will be declared officially on 9 July is exempt from the sanctions imposed on the Sudan since two decades.

"Following interagency consultations, OFAC has concluded that the SSR will continue to apply only to Sudan and the Government of Sudan, and that such a new state and its government will not be subject to them".

During recent visit to Washington, the secretary-general of the SPLM North Sudan, Yasir Arman, called on the U.S Administration not to lift the economic sanctions unless the government of president Omer al-Bashir demonstrates commitment to democratic transformation.

Arman’s statement sparked fury in Khartoum where the spokesperson of the foreign ministry, Khalid Moussa, told reporters that Arman’s call constitutes "a breach of national agendas and principles."

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.
  • 30 April 2011 14:07, by Jalaby


    Dear Obama administration,

    Please lift Sudan from US terrorist list countries that advocates terror, you know very well that Sudan does not support or harbor any kind of terror act.


    You know Sudan had cooperated with CIA and stil cooperating in fighting the terror in the region and Salah Gosh did what ever possible to help US because we are muslim and we are against all kind of terrorism and Islam means peace.


    Adding Sudan to terrorist list is a political decision and Sudan was amongst African countries that many prominent and high US politicians use to visit frequently and Sudan provides to them all kind of help and support.


    Please lift all kind of sanctions and bring US companies to invest in our oil so that will benefit both countries!


    Jalaby (Abo Jalabia)

    repondre message

Comment on this article


 
 

The following ads are provided by Google. SudanTribune has no authority on it.


Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Invisible, Forgotten, and Suffering: Darfuri Refugees in Eastern Chad 2016-04-28 18:24:28 By Eric Reeves There are more than 20 million refugees worldwide—and half of them are children. Moreover, according to the UN High Commission for refugees, 86 percent of these refuges are in (...)

Return of Dr. Machar to Juba and next political move 2016-04-26 22:23:10 By James Okuk After exhausting the immature dramatic politicking about return of Dr. Riek Machar to Juba to take up his duties as the First Vice President of the Republic of South Sudan for 30 (...)

Darfur referendum results are nothing but foregone conclusion 2016-04-25 21:27:20 By Mahmoud A. Suleiman The News media owned by the ruling regime of the National Congress Party (NCP) are quoted as saying that the people of the Darfur in the region that doomed by civil wars (...)


MORE






Latest Press Releases


Open Letter to President Salva Kiir and 1st Vice President Dr. Riek Machar 2016-04-18 12:36:12 South Sudan Women United April 15, 2016 Your Excellencies: South Sudan Women United writes to congratulate you both on the steps you are taking towards ending violence in South Sudan and (...)

Report on a tour of the SPLM-N secretary-general in the Nuba Mountains 2016-04-02 07:11:03 Sudan Peoples’ Liberation Movement – North (SPLM-N) *** Nuba Mountains of South Kordofan March 30, 2016 · The SPLM-N is for peace, but the Addis Ababa Agreement will co-opt the opposition into the (...)

Sudan: Silencing women rights defenders 2016-03-31 20:22:15 Human Rights Watch Sudan: Silencing Women Rights Defenders Sexual Abuse, Intimidation by Security Forces (Nairobi, March 24, 2016) – Sudanese security forces have used sexual violence, (...)


MORE

Copyright © 2003-2016 SudanTribune - All rights reserved.