About: The claim that The United States has terminated sanctions on Zimbabwe which have been in place since 2003 has been rated as misleading and lacking the full context. While President Biden has terminated the Zimbabwe Sanctions Program under which certain individuals and entities had been sanctioned, ZIDERA which introduced sanctions against Zimbabwe in 2001 remains in place. Under this act, the US still ‘instructs the US Executive Director to each International Financial Institution to oppose and vote against any extension by the respective institution of any loan, credit, or guarantee to the Government of Zimbabwe or any cancellation or reduction of indebtedness owed by the Government of Zimbabwe to the US or any International Financial Institution’. What has changed is the designation of Zimbabwean individuals and entities under the Zimbabwe Sanctions Program which has been terminated and the addition of 11 individuals and 3 entities to a global sanctions programme, the Global Magnitsky Sanctions programme.     Goto   Sponge   NotDistinct   Permalink

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  • The claim that The United States has terminated sanctions on Zimbabwe which have been in place since 2003 has been rated as misleading and lacking the full context. While President Biden has terminated the Zimbabwe Sanctions Program under which certain individuals and entities had been sanctioned, ZIDERA which introduced sanctions against Zimbabwe in 2001 remains in place. Under this act, the US still ‘instructs the US Executive Director to each International Financial Institution to oppose and vote against any extension by the respective institution of any loan, credit, or guarantee to the Government of Zimbabwe or any cancellation or reduction of indebtedness owed by the Government of Zimbabwe to the US or any International Financial Institution’. What has changed is the designation of Zimbabwean individuals and entities under the Zimbabwe Sanctions Program which has been terminated and the addition of 11 individuals and 3 entities to a global sanctions programme, the Global Magnitsky Sanctions programme.
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  • The claim that The United States has terminated sanctions on Zimbabwe which have been in place since 2003 has been rated as misleading and lacking the full context. While President Biden has terminated the Zimbabwe Sanctions Program under which certain individuals and entities had been sanctioned, ZIDERA which introduced sanctions against Zimbabwe in 2001 remains in place. Under this act, the US still ‘instructs the US Executive Director to each International Financial Institution to oppose and vote against any extension by the respective institution of any loan, credit, or guarantee to the Government of Zimbabwe or any cancellation or reduction of indebtedness owed by the Government of Zimbabwe to the US or any International Financial Institution’. What has changed is the designation of Zimbabwean individuals and entities under the Zimbabwe Sanctions Program which has been terminated and the addition of 11 individuals and 3 entities to a global sanctions programme, the Global Magnitsky Sanctions programme.
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