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Sanctions Impact Sudanese Gold Sector

The United States and European countries imposed sanctions on Sudan, primarily targeting the gold sector, with the aim of reducing sources of financing for the conflict in the country. These sanctions have had significant economic impacts, including halting official funding for development projects and increasing reliance on unofficial channels that incur higher costs, disrupting financial and commercial exchanges. Sudan's gold production peaked in 2017 at 107 tons, before sharply declining in subsequent years, reaching 6.4 tons in 2023. It is expected that the sanctions will affect gold exports, which are a key source of income, especially as Europeans seek to help curb conflict financing by banning gold exports. This could worsen the country's economic crisis and impact the livelihoods of millions of Sudanese who depend on artisanal mining.

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