DAN GERTLER WINS REPRIEVE FROM US SANCTIONS OVER ALLEGED CONGO CORRUPTION

On 25 January, the Financial Times reported that OFAC had eased sanctions on the Israeli billionaire quietly and just 5 days before President Trump left office, following lobbying on his behalf.  He was sanctions in December 2017, and a new temporary licence lifts restriction applying to activities in the DRC.  The licence extends to the end of January 2022.  The article notes that while Gertler had sold his stake in mining giant Glencore, it has continued to pay him royalties (but in euros to avoid US sanctions).

https://www.ft.com/content/8257824c-e123-45da-9c4c-39ada72bb7ff

https://allafrica.com/view/group/main/main/id/00076561.html

https://www.haaretz.com/us-news/.premium-trump-admin-secretly-eased-sanctions-on-israeli-mining-tycoon-dan-gertler-1.9479334

If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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