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Eritrea outlines economic injuries caused by UN sanctions

Eritrea outlines economic injuries caused by UN sanctions

Eritrea

<p>Eritrea has continued its demand that sanctions imposed by the United Nations Security Council, <span class="caps">UNSC</span>, be lifted.</p> <p>In an editorial issued by information minister Yemane Meskel, the <span class="caps">UNSC</span> continued to flout UN rules by the sanctions. </p> <p>He reiterated Asmara’s stance that the continuation of sanctions were a ‘‘severe miscarriage of justice, politically motivated, and not rooted on genuine concern for regional or international peace and security” </p> <p>He took time to enumerate a number of economic consequences of the 2009 and 2011 sanctions.</p> <p>“Although often overlooked / downplayed, the economic ramifications of the sanctions have been severe, entailing deleterious impact on investment; harassment of mining companies; higher cost of capital for commercial loans; higher shipping / insurance costs; barriers to imports etc…,” Meskel said.</p> <p>“The “arms embargo” was in contravention of Article 51 of the UN Charter on the right of self-defense in the context of occupation of Eritrea’s sovereign territories & in flagrant violation of the <span class="caps">EEBC</span> Arbitral Award & the Algiers Agreement that the <span class="caps">UNSC</span> itself had guaranteed. </p> <p>“The “asset freeze/travel ban” components of the sanctions regime were pure and banal instruments of harassment. They were in fact never invoked in practice,” he added.</p> <p>Eritrea’s representative at the just-ended 73rd UN General Assembly, dedicated the entire address to calls for lifting of sanctions. Other countries in the Horn of Africa – Ethiopia, Somalia and Djibouti – all backed the lifting of sanctions in their addresses.</p>

The "asset freeze/travel ban" components of the sanctions regime were pure and banal instruments of harassment. They were in fact never invoked in practice.

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