Categories: Top story of the day

United States consolidates Zimbabwe sanctions

The United States today regularised its sanctions on Zimbabwe by consolidating executive orders issued in November 2005 and July 2008 into a final rule that is effective from today, 10 July 2014. The sanctions cover 128 individuals and 33 entities and are enforced by the Office of Foreign Assets Control which is part of Washington’ s treasury department. The sanctions were imposed on Zimbabwe because actions and policies of certain members of the government of Zimbabwe undermined its democratic processes or institutions, contributed to the deliberate breakdown in the rule of law, politically motivated violence and intimidation, destabilised the southern African region politically and economically and therefore constituted “an unusual and extraordinary threat to the foreign policy of the United States”. United States sanctions on Zimbabwe have been in force for more than a decade now. The European Union, which imposed sanctions on Zimbabwe at the same time, has lifted the sanctions on all individuals and entities except President Robert Mugabe and his wife Grace and the Zimbabwe Defence Industries. According to the final rule even humanitarian assistance from the United States must be approved by OFAC.

(25 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Share
Published by
Charles Rukuni

Recent Posts

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024

Zimbabwe among the top countries with the widest gap between the rich and poor

Zimbabwe is among the top 30 countries in the world with the widest gap between…

November 14, 2024

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024