Sudan prospering despite a decade of US sanctions - China investment, oil exports have eased the pain

Author: Edmund Saunders, Los Angeles Times, Published on: 26 August 2007

President Bush tightened sanctions in May, citing the military regime's failure to resolve the crisis in the violence-plagued western region of Darfur, where an estimated 200,000 people have died... An additional 2.2 million people have been displaced...[H]eavy investment by China and other Asian nations has allowed the country to escape crippling economic pain... [S]ome European companies, including Siemens, Rolls-Royce, and Land Rover [part of Ford], recently announced that they were pulling out of Sudan. But no other countries have yet joined the US boycott. Sanctions also have been partly undermined by numerous loopholes... Coca-Cola Co. and PepsiCo Inc. have licenses to sell their syrup to Sudanese factories... For the most part, large US companies have steered clear of Sudan, including Chevron Corp., which helped discover Sudan's oil but left the country before being able to profit from it. Investors from China, Malaysia, and India have rushed to fill the gap...

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Related companies: Chevron Coca-Cola Ford Land Rover (part of Tata Group) PepsiCo Rolls-Royce plc Siemens