EU bans gold imports from Sudan to curb money financing the war
Summary
The European Union has banned buying, importing, or moving gold from Sudan because the money from gold sales is helping fund the war in the country. The conflict began in April 2023 between Sudan’s army and a paramilitary group, causing a large humanitarian crisis with millions displaced.Key Facts
- The EU prohibits its citizens and companies from trading Sudanese gold to cut money for the war.
- Sudan is a big gold producer in Africa, and both sides in the fight use gold sales to fund their forces.
- Most Sudanese gold is smuggled through neighboring countries like Egypt, Chad, and Libya, then ends up in Dubai.
- The paramilitary group Rapid Support Forces controls many gold mines in western and central Sudan.
- The Sudanese army controls gold production in northern and eastern regions.
- The EU also banned exporting mercury and cyanide to Sudan; these chemicals are used in gold mining but can be allowed for health needs.
- The new gold ban is part of wider EU sanctions against those supporting the conflict.
- Experts say the ban must be followed by major gold trading centers tightening rules to be effective.
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