US Treasury Lifts Ban on Over 200 Sudanese Companies, Publishes Full List

SMC-

In accordance with the political decision made by the US government two weeks ago to revoking the economic embargo on Sudan, the US Treasury Department has lifted the ban on more than 223 companies, institutions, banks and Sudanese public and private organizations.

The US Department of State’s Office of Foreign Assets Control, which is linked to the US Treasury, published on Thursday the list of 223 companies, organizations and factories involved in the lifting of the embargo, in their names, addresses and locations inside the country. The list includes Sudan Central Bank, Sudan Railway Corporation, Giad Industrial Company and Sudan Telecommunications Company (Sudatel).

The U.S. Administration had permanently lifted 20-year-old economic sanctions against Sudan citing positive actions on humanitarian access and counter-terrorism.

Following that, the CBoS said money transfers in U.S. dollar started to flow from international banks to Sudanese banks, with, two Sudanese banks already actually receiving international transfers from banks in the United States and Europe.

The permanent lifting of the sanctions ends a U.S. economic embargo on Sudan, removing longstanding restrictions on trade and financial transactions. It also permits U.S. companies to do business with oil and gas industries in Sudan.

Sudan now hopes its name would be removed from the U.S. list of states sponsor of terrorism. That designation carries its own penalties, including a ban on weapons sales and restrictions on U.S. assistance.

Sudan was placed on the terror list in 1993 over allegations it was harbouring Islamist militants working against regional and international targets.