Categories: Top story of the day

US tells Zimbabwe don’t do business with Russia

The United States government has warned Zimbabwe not to do business with Russia because Moscow is under United States sanctions.  The warning is said to have been issued, a week or two ago, through the US embassy in Harare after the signing of the US$3 billion platinum deal between Zimbabwe and Russia, according to Herald columnist Nathaniel Manheru. Zimbabwe was warned not to do business with Russia otherwise it would be placed under sanctions too which Manheru says is baffling since Zimbabwe is already under United States sanctions. Zimbabwe and Russia signed the platinum deal on 16 September. The mine, at Darwendale, will create 8 000 jobs at full development in 2024 and will produce 800 000 ounces of platinum. A United States citizen, C. Gregory Turner, is currently on trial in Chicago for illegally lobbying to have sanctions on Zimbabwe lifted. The United States insists that its current sanctions are targeted at individuals and companies yet the law forbids international financial institutions like the International Monetary Fund and the World Bank from giving loans to Zimbabwe unless this is approved by the United States President.

(96 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

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

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024