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EU bans gold imports from Sudan to curb money financing the war
The European Union (EU) has banned the purchase, import and transfer of gold from Sudan, saying the trade has become a key source of financing for the country's civil war that erupted in April 2023. The conflict between the regular army and the paramilitary Rapid Support Forces (RSF) has triggered one of the world's worst humanitarian crises, forcing more than 14 million people from their homes. Sudan is one of Africa's largest gold producers and its vast reserves have become a crucial source of revenue for both sides, according to rights groups. EU foreign ministers approved the measures alongside a ban on exports ... (full story)
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From investinglive.com | Jul 13, 2026
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 ...
