Mining & Banking Companies On U.S. Sanctions List

Posted to the web 28 July 2008 Violet Gonda Last Friday the United States broadened sanctions against members of the Mugabe regime and its supporters. 17 entities, several Zimbabwean parastatals and one individual were designated by the U.S. Department of the Treasury's Office of Foreign Assets Control for contributing to the "undermining of democratic processes and institutions in Zimbabwe." The US said these entities, mainly from the banking and mining industries, have been used to illegally siphon revenue and foreign exchange from the Zimbabwean people. The US joined the European Union, who broadened smart sanctions against 37 more individuals and, for the first time, four companies linked to the regime. Also, for the first time, two Zimpapers journalists, Caesar Zvayi and Munyaradzi Huni, were included on the list. The US... [read full story]                    

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