by Hervé Pugi. For nearly two decades, Sudan has been under US embargo. The only result being to deepen the misery of the 39 million people of what was once Africa’s greatest country. From Bill Clinton and George W. Bush to Barack Obama, the United States has not stopped promoting and perpetuating a sanctions policy that is clearly unproductive. It is perhaps time for Washington … Continuer de lire Economic sanctions: the hypocrisy must stop
by Hervé Pugi. More and more voices are rallying to condemn the – often wrongful recourse – to economic sanctions. A weapon that can be massively destructive when applied across the board and indefinitely. A tactic that is generally counterproductive and morally questionable. Let’s explain. Economic sanctions are « blunt instruments, often inflicting serious suffering on civilians without affecting the perpetrators ». Just one opinion among others. … Continuer de lire Economic Sanctions? Ineffective!
by Hervé Pugi. BNP Paribas, Commerzbank, HSBC, Crédit agricole, ING, Crédit suisse… What’s the common denominator between these banking institutions? They’ve been “nicked” by the US Justice System for violating economic sanctions, in particular in relation to Sudan. When the leading world power exploits it currency, many are forced to pay out. Not to mention the collateral damage… Don’t mention the violation of the embargo … Continuer de lire Economic Sanctions: When the dollar is a weapon
by Hervé Pugi. Sanctions, negotiations, institutions… We take a quick look at some of the hot topics currently being tackled by the Minister of Finance and the National Economy, Badreldin Mahmoud Abbas. Scribouille: How are economic sanctions affecting the country’s economy? Badreldin Mahmoud Abbas (B. M. A.): These sanctions are affecting our economy in many ways. We cannot make use of the medium-term programmes offered … Continuer de lire Badreldin Mahmoud Abbas : “We are navigating through all these sanctions…”
by Hervé Pugi. With a future military base in Djibouti, yuan the official currency of Zimbabwe, a 74 billion dollar investment plan for the continent announced last December by president Xi Jinping, it is currently fashionable to condemn China for “hijacking” Africa and for adopting a neo-colonialist attitude. An opinion clearly not shared by Khartoum, a great partner of the “Middle Kingdom”. On September 3, … Continuer de lire Sudan – China: this so valuable partner
by Hervé Pugi. In July 2015, a Sudan Airways airplane was greeted by water cannons on the tarmac at Abu Dhabi airport. A celebration of the new relationship between Khartoum and the United Arab Emirates. At the offices of the Sudanese national airline company, however, not a time for festivities. A report. In the heavy heat of early spring, at the Sudan Airways workshops, employees … Continuer de lire Sudan Airways: economic crash