US Re Imposes Sanctions on Israeli Mining Magnate Mr Gertler
US Sanctions Dan GertlerTwitter

US Re Imposes Sanctions on Israeli Mining Magnate Mr Gertler

The United States has revoked a sanctions waiver for Israeli mining magnate Mr Dan Gertler that was issued in the last days of the Trump administration. The

The United States has revoked a sanctions waiver for Israeli mining magnate Mr Dan Gertler that was issued in the last days of the Trump administration. The Treasury Department said exempting Mr Gertler from sanctions was inconsistent with America’s strong foreign policy interests in combating corruption around the world, specifically in the Democratic Republic of the Congo. The action came after Congolese and international human rights groups and several US legislators last month called on the Biden administration to reverse a last-minute move by Biden’s Republican predecessor, Donald Trump.

The Treasury imposed the sanctions in December 2017 and June 2018, accusing Mr Gertler of using his friendship with Democratic Republic of the Congo’s former president Mr Joseph Kabila to win sweetheart mining deals worth more than a billion dollars. The Trump administration eased the sanctions in a secret action in its last week in office in January. While the licence did not remove Mr Gertler, an associate and more than 30 of his companies from the sanctions list, it authorised, until January 31, 2022, all transactions and activities otherwise prohibited by sanctions against them.

No stories found.
SteelGuru Business News
www.steelguru.com