Treasury Designates Zimbabwean Parastatals and Companies Supporting the Mugabe Regime

July 25, 2008HP-1097Treasury Designates Zimbabwean Parastatals and Companies Supporting the Mugabe RegimeWashington, DC--The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today designated seventeen entities, including several Zimbabwean parastatals, and one individual whose support for Robert Mugabe's regime contributes to the undermining of democratic processes and institutions in Zimbabwe. "In light of the continued intransigence of the brutal Mugabe regime, the U.S. is imposing further sanctions against this regime and its supporters," said OFAC Director Adam J. Szubin. "These actions send a clear warning to those who would protect Mugabe and his assets at the expense of the Zimbabwean people." Today's designations include a number of Zimbabwean parastatals and entities that are owned or... [read full story]