CAIRO, Egypt — The European Union (EU) has imposed a ban on the importation of Sudanese gold, effective immediately, in an effort to curtail the financial support for the ongoing civil war in Sudan.
The ban, which includes the purchase, import, and transfer of gold from Sudan, is a direct response to the use of the precious metal as a key source of revenue for the warring factions, the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF). Sudan, a major gold producer in Africa, has seen its gold reserves become a significant source of income for both sides of the conflict.
The EU’s decision aims to reduce the resources available to those perpetuating the violence, as stated in an EU Council statement.
The ban is part of a broader EU sanctions regime targeting individuals and entities accused of fueling the conflict. It also includes restrictions on the export of mercury and cyanide, chemicals widely used in gold mining, to Sudan. While the ban is expected to have a significant impact on the conflict, experts warn that its effectiveness will depend on the cooperation of other countries and the ability to enforce the sanctions effectively.
Egypt, for instance, has been increasing its efforts against illegal gold mining and smuggling along the border with Sudan.
The EU’s move is part of a broader strategy to address the root causes of the conflict in Sudan and to promote peace and stability in the region.
However, the international community remains concerned about the humanitarian crisis and the continued financing of the conflict through illegal trade.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: BBC Africa
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