Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Sudan extends ceasefire ahead of expected lifting of U.S. trade embargo

Published 02/07/2017, 18:40
Updated 02/07/2017, 18:50
© Reuters. FILE PHOTO: SudanÕs President Omar Hassan al-Bashir speaks during a press conference after the oath of the prime minister and first vice president Bakri Hassan Saleh at the palace in Khartoum

KHARTOUM (Reuters) - Sudan will extend a unilateral ceasefire with rebels until the end of October, a decree by President Omar Hassan al-Bashir said on Sunday, two weeks before the United States plans to lift a 20-year-old trade embargo against Sudan.

The U.S. said on Jan. 13 it would lift the embargo but would wait 180 days before doing so to see whether Sudan acts further to improve its human rights record and resolve political and military conflicts, including in warring regions such as Darfur.

On Jan. 15, Bashir extended the ceasefire - in place since October 2016 - for six months in response to the U.S. move.

The U.S. said then that it would unfreeze Sudanese assets and lift financial sanctions as a response to Khartoum's cooperation in fighting Islamic State and other militant groups.

Fighting between the army and rebels in Kordofan and Blue Nile regions broke out again in 2011, when South Sudan declared independence. Conflict in Darfur began in 2003 when mainly non-Arab tribes took up arms against Sudan's Arab-led government.

Sudan previously announced short-term truces in these regions in June and October 2016, after which fighting eased in the southern Blue Nile and Kordofan but carried on in Darfur.

© Reuters. FILE PHOTO: SudanÕs President Omar Hassan al-Bashir speaks during a press conference after the oath of the prime minister and first vice president Bakri Hassan Saleh at the palace in Khartoum

Sudan's economic problems have been building since the south seceded in 2011, taking with it three-quarters of oil output, the main source of foreign currency and government income.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.