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)



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



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


BlindsSelf-confidence and preparedness against Disasters in Sudan 2020-09-21 11:46:04 Why things are only getting worse and the papers are filled with stories of gloom and doom in Sudan? By Mahmoud A. Suleiman The answer to the previous questions needs to know the reasons first, (...)

South Sudan: On Right of Access to Information and Media 2020-09-19 15:01:51 By Roger Alfred Yoron Modi South Sudan’s Right of Access to Information Act, 2013, in Section 35, enshrines the following: 1- The Minister (Minister responsible for Information and Broadcasting) (...)

Is the Juba Peace Agreement a Turning Point for Sudan? 2020-09-15 18:48:43 By Dame Rosalind Marsden Sudan is looking towards a brighter future after the initialling of the Juba peace agreement on August 31, an important first step towards bringing peace to the conflict (...)


MORE






Latest Press Releases


Sudan: Performing arts is not a crime, assaulting women and artists is! 2020-09-20 08:54:28 The Strategic Initiative for Women in the Horn of Africa (SIHA) Sudan is still struggling with militant Islamist ideology KHARTOUM: Central Khartoum Primary Court issued a verdict against five (...)

Civil Society Statement in Response to The Law of Various Amendments 2020-08-14 07:11:00 A Collaborative Civil Society Statement in Response to The Law of Various Amendments (Abolishing and Amending Provisions Restricting Freedom) – Exposing ‘a wolf in sheep’s clothing’ Sudanese women (...)

Remarks by SRF leaders at the Friend of Sudan meeting on peace 2020-08-13 07:58:58 Chairman of the Friends of Sudan Conference, Your Excellency, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, The Prime Minister of Sudan and the participating team from the (...)


MORE

Copyright © 2003-2020 SudanTribune - All rights reserved.