US targets Sudanese military-linked businesses with sanctions amid ongoing conflict

Visits: 1131
(Rating 0.0/5 Stars) Total Votes: 0
0 0
Share via Social Media

US targets Sudanese military-linked businesses with sanctions amid ongoing conflict

NAIROBI (HORN OBSERVER) – In a bid to address the devastating nine-month war in Sudan, the United States imposed sanctions on three companies linked to the warring parties.

Share

Sudan's warring generals, army chief Abdel Fattah al-Burhan (L) and RSF commander, General Mohamed Hamdan Daglo 'Hemedti'. PHOTO | FILE.

NAIROBI (HORN OBSERVER) – In a bid to address the devastating nine-month war in Sudan, the United States imposed sanctions on three companies linked to the warring parties.

The move comes as part of a series of measures against Sudanese entities with the aim of quelling the ongoing conflict, which has resulted in widespread destruction, thousands of civilian casualties, famine warnings, and the largest internal displacement crisis globally.

The businesses targeted by the US sanctions are Alkhaleej Bank and Al-Fakher Advanced Works, controlled by the paramilitary Rapid Support Forces (RSF), and Zadna International, controlled by the Sudanese army, as detailed in a statement from the US Treasury Department.

Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson emphasized the role of key individuals and entities in perpetuating the conflict.

He stated, "The conflict in Sudan continues, in part, due to key individuals and entities that help fund the continuation of the violence.”

Alkhaleej Bank, identified as "an essential part of the RSF’s efforts to finance its operations,” received $50 million from the Central Bank of Sudan (CBoS) just before the outbreak of the war, according to the Treasury Department.

Alfakher, a holding company, was instrumental in managing the RSF’s lucrative gold exports, serving as a primary source of financing for weapon acquisitions.

Meanwhile, Zadna International, labeled a "top revenue-earner” for the Sudanese army, was accused of providing funding and engaging in money-laundering practices, according to the US Treasury Department.

The sanctions were implemented under a US executive order that authorizes sanctions on individuals destabilizing Sudan and undermining the country’s democratic transition.

This move follows previous sanctions targeting the deputy head of the RSF, major businesses owned by both warring sides, and other entities since the commencement of the conflict.