U.S. Imposes New Sanctions Against Zimbabwe

Jul 28th, 2008 • Posted in: News

Bush says Mugabe’s government is illegitimate and seized power through violence

WASHINGTON
The White House last week imposed additional sanctions against Zimbabwe, protesting the disputed reelection of Robert Mugabe, who was criticized widely for using violence to intimidate backers of his opponent.

Saying that the Mugabe government is “illegitimate” and sponsors violence, President Bush signed an executive order imposing restrictions on individuals and corporations linked to the Mugabe regime, the BBC reports.

U.S. companies and citizens are barred from doing business with the targeted Zimbabwe firms and individuals, reports MarketWatch.com, and all assets of the Zimbabwe firms in the United States are frozen.

Similar sanctions have been imposed by the European Union.

The U.S. restrictions were proposed after broad international sanctions were derailed early in July by Russia and China, which vetoed a U.N. Security Council resolution backed by Britain, France, and the United States, reports CNN.

In related news, Mugabe and opposition leader Morgan Tsvangirai agreed to begin talks aimed at solving Zimbabwe’s economic and political meltdown. According to the Washington Post, the pact is seen widely as a victory for Tsvangirai, who dropped out of the presidential runoff in June, saying his candidacy endangered the lives of his supporters.

Sources: Washington Post, July 25 — CNN, July 25 — BBC, July 25 — MarketWatch.com, July 25.

For more information, see: Related Newsline story, July 21 — Related Newsline story, July 7 — Related Newsline Commentary, June 20 — Related Newsline story, June 30 — Related Newsline story, Apr. 28.

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1. Ethics Newsline® » News » Regulators Say Socially Responsible Investment Firm Violated Principles on August 4th, 2008 at 6:20 pm:

   [...] more information, see: Related Newsline story, July 28 — Related Newsline story, July 28 — Related Newsline story, July 21 [...]

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