Sudan: Switzerland Joins EU Sanctions On Sudan Gold Trade

What the report says

Switzerland has moved to restrict trade in Sudanese gold, with the Federal Council announcing a ban on the purchase and import of gold originating in Sudan. The decision, reported by Dabanga and distributed by AllAfrica, brings Swiss policy into line with European Union sanctions aimed at Sudan’s gold trade.

According to the report, the measures take effect on Thursday after the Wednesday statement and also bar the transit of Sudanese gold, along with related services and financial assistance tied to the trade. Switzerland said it is also prohibiting the sale and supply to Sudan of certain chemicals used in gold mining and extraction.

The Federal Council linked the step to its concern over Sudan’s worsening humanitarian crisis, describing gold as an important conflict resource in the ongoing war. The country said the new restrictions will be folded into its existing Sudan sanctions ordinance, which already includes an arms embargo and targeted financial and travel measures against dozens of individuals, entities and companies.

More broadly, the move reflects efforts by European states to limit access to commodities that may help sustain conflict financing. The report also notes that Switzerland already applies strict due diligence rules for gold and precious metal imports to reduce the risk of conflict-related trade.