U.S. Sanctions Three Sudanese Companies Financing Ongoing Conflict
The companies, linked to the Rapid Support Forces and the Sudanese Armed Forces, are accused of undermining peace and stability in Sudan.
- The U.S. Treasury has imposed sanctions on three Sudanese companies, Alkhaleej Bank, Al-Fakher Advanced Works and Zadna International Co for Development, accusing them of financing the ongoing conflict in Sudan.
- Alkhaleej Bank is controlled by the Rapid Support Forces (RSF) and is a key part of financing its operations, while Al-Fakher was established by the RSF's leadership to conduct its gold export business.
- Zadna International is accused of being a significant component of the Sudanese Armed Forces' (SAF) commercial empire and was formerly a subsidiary of the Defense Industries System, which the U.S. sanctioned in June.
- The conflict in Sudan, which began nearly 10 months ago, has resulted in more than 7.2 million people fleeing their homes, with children representing half of the displaced.
- The U.S. and other international entities have repeatedly attempted to mediate an end to the conflict, but these efforts have so far been unsuccessful.