The US Department of Commerce has published a list of companies that help the Russian Federation circumvent sanctions and for which they will introduce next week a practically complete ban on the export of goods to the United States, the department’s website reported.
The new export restrictions, which will come into force on September 16, are being introduced against 23 companies from China, three firms from Turkey, two from the UAE, one company each from India, Singapore and Taiwan.
The commitment was made at a time when Moscow’s recent attack on Ukrainian ports in the Black Sea affected grain exports destined for China and damaged a Chinese consulate.
Beijing was ready to work with Kyiv to “actively” develop bilateral economic and trade cooperation, advance the strategic partnership between the two countries and promote study towards freer trade, China’s commerce vice-minister Ling Ji said on Thursday when meeting the visiting Ukrainian deputy minister of economy, Taras Kachka.
(Last published date: 2022-07-30)
While reliable data is difficult to obtain, the Central Bank of Sudan reported that the country exported 25.2 tons of gold in 2020, and 26.4 tones during the first nine months of 2021. The current government, seeking to bolster revenues with the loss of foreign financial assistance, has emphasized increasing gold exports in 2022. The government has repeatedly tried to exert greater control over gold exports, but its own official estimates are that 80 percent of the country’s gold is smuggled abroad. Large companies have established gold mining operations in Sudan, primarily in Northern, Red Sea, and West Kordofan states. The Ministry of Minerals reports large reserves of other precious minerals (silver, platinum), base metals (copper, zinc), agro minerals (phosphates, potash), and other industrial minerals (marble, gypsum). Sudan boasts the largest, still un-surveyed pre-Cambrian mineral deposits in Africa.