MARKET STRUCTURE · REGULATORY · GLOBAL
US sanctions Rwanda over M23 support
Change
On Monday, the United States imposed sanctions on Rwanda’s military and four top officials for “direct operational support” of the M23 rebel group in eastern Democratic Republic of the Congo.
Why Now
The US Department of the Treasury announced sanctions targeting Rwanda’s military and four senior officials. The stated basis for the action was “direct operational support” to the M23 rebel group operating in eastern DRC. Treasury said the rebels’ territorial gains would not have been possible without Rwandan backing. Separately, the US State Department said M23 continued capturing territory late last year in “clear violation” of a US-mediated agreement. The excerpt notes Rwanda has long rejected allegations that it backs M23 and its affiliated Congo River Alliance (AFC).
Impact
- • Rwanda’s military and four officials are now subject to US sanctions measures.
- • US Treasury and State have issued formal statements tied to the sanctions action.
Who Recalculates
- • Rwanda military leadership
- • Sanctioned Rwandan government officials
- • US financial institutions and compliance teams
Source
Topics
World & Politics Conflicts Law & Public Safety Regulatory Actions Compliance