Sat. Oct 5th, 2024

The United States on Wednesday (January 31st) imposed sanctions on a bank and two companies for providing financing to both sides in the conflict in Sudan.

The US Treasury Department announced that it would freeze Gulf Bank’s assets and criminalize any dealings with it in the United States, given that it “played a key role in financing the RSF.”

The ministry said in a statement that the bank received $50 million from the Central Bank of Sudan just before the outbreak of war in April between the RSF and the army.

The sanctions also targeted Zadna International Investment Company Ltd., which Washington suspects of being used for money laundering and military commercial operations, as well as Al-Fakher Advanced Business Ltd., which the Treasury Department said helped the RSF make millions of dollars by exporting gold, allowing the RSF to buy weapons.

State Department spokesman Matthew Miller said the United States would continue to use the tools available to end this devastating war, promote accountability, and help the Sudanese people achieve their demands for freedom, peace, and justice.

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