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European Union imposes gold sanctions / ban

From investinglive.com

The European Union imposed new sanctions on Sudan's gold trade on Monday, banning imports of gold originating in the country and restricting exports of chemicals used in mining, in its latest attempt to choke off financing for a civil war now entering its fourth year. The measures, greenlit by foreign ministers in Brussels and based on a Dutch French initiative, ban the purchase, import or transfer of Sudanese gold and the sale, supply, transfer or export of mercury and cyanide to Sudan, according to the Council of the EU. The rules also aim to close off routes for Sudanese gold to reach the bloc indirectly through ... (full story)

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  • Category: Fundamental Analysis