Stella Dimoko Korkus.com: ECOWAS Imposes Fresh Sanctions On Mali

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Tuesday, January 11, 2022

ECOWAS Imposes Fresh Sanctions On Mali

The Economic Community of West African States (ECOWAS) has imposed fresh sanctions against Mali.








The development, the regional bloc said, demonstrates its tougher stance towards Mali, whose interim authorities proposed holding elections in December 2025 instead of this February as originally agreed.

Malian interim officials blame the election delay partly on the challenge of organising a democratic vote amid a violent Islamist insurgency.

However, listed among the new sanctions is the withdrawal of all ECOWAS Ambassadors in Mali; closure of land and air borders between ECOWAS countries and Mali; suspension of all commercial and financial transactions between ECOWAS Member States and Mali, with the exception of the following products: essential consumer goods; pharmaceutical products; medical supplies and equipment, including materials for the control of COVID-19 products, and electricity

Other punitive measures against the military junta involves freezing of assets of Mali in ECOWAS Central Banks; freeze assets of the Malian State and the State Enterprises and Parastatals in Commercial Banks as well as suspension of Mali from all financial assistance and transactions from financial institutions.

The fresh measures will be gradually lifted when Mali proposes an acceptable timeframe and progress is made towards implementing it, ECOWAS noted.

The measures were part of outcome of an Extraordinary Summit of the ECOWAS Authority of Heads of State and Government which held in Accra, Ghana on Sunday January 9, 2022.

from TheWillNigeria.

5 comments:

  1. Eeyah.....that country has been going through one crisis to the other. It is well

    ReplyDelete
  2. This is too extreme na. They shouldn't punish the innocents because of few stubborn people.

    ReplyDelete

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