Africa

EU bans gold imports from Sudan to curb money financing the war

The European Union has banned gold imports from Sudan in an effort to curb the flow of money financing the war. The ban also restricts exports of mercury and cyanide to Sudan, chemicals widely used in gold mining.

Gold bars stacked in an industrial mining setting
Gold bars stacked in an industrial mining settingPhoto: Александр Максин / Pexels
BBC Africa1 h ago

The European Union has announced a ban on gold imports from Sudan in an effort to cut off the flow of money financing the country's war. The measure responds to long-standing concerns that revenue from the gold trade has been fueling the conflict among warring parties.

The same regulation also restricts exports of mercury and cyanide to Sudan, chemicals widely used in gold mining and seen as critical inputs for sustaining mining operations.

The move is being viewed as part of broader international pressure targeting the financing sources of the civil war between the RSF and the Sudanese army. How the EU will monitor enforcement of the ban, and how regional states respond, will prove decisive in the period ahead.

This article is an AI-curated summary of the original story published by BBC Africa. The illustration is a stock photo by Александр Максин from Pexels and is not from the original story.

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