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South Sudan warns of sanction effects on other countries

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September 15, 2014 (JUBA) - South Sudan on Monday warned that threats by the United Nations and the west to impose sanctions on its leaders could affect countries within the region.

An external view of KCB Buluk branch in Juba, South Sudan. Dec. 7, 2011 (ST)

“We believe that threats of sanctions as a western strategy to bring peace while apportioning blames, even when they know every well that the government does not bear any responsibility in this senseless war created by Riek Machar and his group, will also affect other countries in the region”, Mark Nyipuoc, the deputy speaker of the national assembly told reporters Monday.

Such sanctions, he added, would impact on foreign businesses and commercial establishments, including banks and hotel industries operating in the country.

“If foreign businesses, especially those in the commercial banks, like Kenya Commercial Bank, Equity Bank and other financial establishments which occupies a big space in our markets cannot repatriate their profits because of sanctions, then such actions will have dire consequences to the whole region and it is better a wise decision is made”, he said.

Nyipuoc, a close ally of president Salva Kiir, urged the governments of Kenya, Uganda, Ethiopia, Eritrea and Sudan to closely work with the international community to coerce rebel leader, Riek Machar into signing the Intergovernmental Authority on Development (IGAD) proposal for a peaceful settlement of the ongoing conflict.

“Our brothers in Sudan, Ethiopia, Kenya, Uganda and these other friendly countries in the region should accept working together with the international community to pressure Riek and his group to accept signing the IGAD protocol of agreed principles as the basis of negotiations,” said Nyipuoc, a former governor of South Sudan’s Western Bahr el Ghazal state.

“They should not shy away to tell him that: look the leadership has made a lot compromises for the sake of peace even when our people feel he should be held to account for atrocities, suffering, destruction and division of the country for personal interests,” he added.

The official’s remarks came in the wake of reports that the UN and its Security Council were considered sanctions on any of the two warring sides if they fail to agree within IGAD’s 45-days ultimatum.

KENYA’S CENTRAL BANK WARNS

Meanwhile the Central Bank of Kenya warned that sanctions on South Sudan may affect its commercial banks operating in the young nation.

“Sanctions to South Sudan could expose Kenyan banks to risks,” the bank said in a report on its website.

Policy makers, it said, should pay attention to any additional “punitive litigations” against financial institutions, regulators, companies and countries for violating sanctions or breaches of contract.

The 5 September report was jointly written and released by Capital Markets Authority, Insurance Regulatory Authority, Retirement Benefits Authority and the Saccos Societies Regulatory Authority.

KCB, East Africa’s biggest lender, Co-operative Bank of Kenya Ltd, Equity Bank Ltd and CFC Stannic Holdings Ltd are some of Kenya’s commercial institutions in South Sudan.

Both the East African regional bloc and the African Union previously threatened sanctions on individuals who block the peace process.

(ST).

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  • 16 September 2014 07:16, by Mi diit

    Ahahaahha...primitive uneducated president Nyankiir Museveni is able to blackmail IGAD puppet leaders, reminding them that they will no longer get bribes in millions if sanctions are imposed on her rogue. This is Africa. Wow!

    • 16 September 2014 08:29, by choldit

      I can’t believe Mark Nyipouc is talking like his audience are babies in ss. Who doesnt knw it was a fabricated coup that was intended for killing Riek Machar and the Nuer by premative incompetent president Kiir and her boyfriend Museveni. Now the rebel intended to cut off ur $ supply root from nuerland and other places, u will tell ss where u will pay ur mercenaries from Uganda, sudan n other.

  • 16 September 2014 08:10, by Positive Thinker

    Oh Mark, how can individual sanction for example you, Hon. Mark Nyipoch affect the foreign banks like KCb, equity etc. remember Marial, Deng AWOL and Gadet Yak are individually sanctioned, but foreign or the region is not affected. What we need as common people is peace to return, and if individual sanction will force you to bring it fine.

  • 16 September 2014 08:28, by denis

    I agree with Positive Thinker, but make it bigger. Put sanction on all politicians till problem is solved. Also dont allow them leave South Sudan till solved problem. Then they will move fast. They like overseas trips and Addis Ababa hotels

  • 16 September 2014 08:28, by tootke’bai-ngo

    SO WHAT? WHY WORRY ABOUT OTHER COUNTRIES’S ECONOMICS WHILE THOUSANDS ARE DYING IN S.SUDAN? LIVES NEED TO BE SAVE FIRST, REGIONAL ECONOMIC LATER. IF SANCTION IS THE ANSWER, SO BE IT. ALL OUR REGIONAL SISTERS COUNTRIES WERE LONG WELL OFF BEFORE S.SUDAN WAS BORN. IGAD HEADS OF STATES SHOULD KNOW THAT THE SOONER THEY IMPOSE EFFECTIVE MEASURES TO S.SUDAN’S CRISIS, THE BETTER FOR THE REGION.

  • 16 September 2014 08:50, by dinkdong

    Let the UN and US hit those stupid leaders with sanctions. Let them taste the fruits of what they sowed.

    • 16 September 2014 09:25, by Malakal county Simon

      Mark Nyipouch is well known disowned politician in South S, due to his self-interest above the well-being of the country...... So whatever come from his mouth, should be treated as liars!!



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