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.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Pragmatic patriarchy of Sudan over South Sudan 2018-09-22 09:28:17 James Okuk, PhD “We honour the human capacity to manage our collective lives with peace and even, at times, dignity” – Barbour & Wright The political process of Sudan and South Sudan has (...)

Salient features of South Sudan latest peace deal 2018-09-21 05:36:06 By Roger Alfred Yoron Modi Last week, the government of South Sudan under President Salva Kiir, various armed and unarmed opposition groups and other parties, including the SPLM/A-IO led by Dr (...)

Open letter to South Sudan Civil Aviation Authority 2018-09-19 04:05:10 By Telar Ring Deng On the cold morning of 9th September 2018, we were all in utter shock and bewilderment at the very tragic accident that occurred in Eastern Lakes State when a Plane crashed (...)


MORE






Latest Press Releases


Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.