US Government Urges US Companies to Avoid Doing Business with Sudanese State-Owned Enterprises

US Government Urges US Companies to Avoid Doing Business with Sudanese State-Owned Enterprises

 Source: The U.S. Department of State, Department of the Treasury, Department of Commerce, and Department of Labor issued on 23 May 2022 an advisory titled “Risks and Considerations for U.S. Businesses Operating in Sudan.”

Following the seizure of power by Sudan’s military on 25 October 2021, the military is in effective control of all state-owned enterprises (SOEs), of which there are at least 650.  The advisory warns that investing with, forming partnerships, or facilitating the expansion of SOEs and military-controlled companies in Sudan may entail reputational risks for U.S. businesses and individuals.  

This advisory relates specifically to SOEs and military-controlled companies.  The U.S. government does not seek to curtail or discourage responsible investment or business activities in Sudan with civilian-owned Sudanese counterparts.  

Labels: business, child labor, corruption, Darfur, gold, human rights, military, sanctions, SOEs, Sovereign Council, Sudan, US