U.S. warns companies of ‘reputational risks’ of doing business in Sudan -Breaking
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© Reuters. FILE PHOTO: Ned Price, spokesperson for the U.S. State Department speaks at a Washington news conference on March 10, 2022. Manuel Balce Ceneta/Pool via REUTERSWASHINGTON (Reuters] – The United States warned U.S.-based companies Monday of the increasing reputational risks associated with doing business with Sudan’s state-owned and military-controlled enterprises.
Ned Price, spokesperson at the State Department said that these risks were caused by, among other factors, recent actions of Sudan’s Sovereign Council as well as security forces operating under its command. He also spoke out against human rights abuses committed against protesters.
Since a military coup last October, protests have rocked the country. Legal experts claim that there are still dozens of political prisoner in captivity.
Price explained that individuals and businesses operating in Sudan need to be extra vigilant regarding human rights concerns and aware of potential reputational hazards associated with conducting transactions and business activities with SOEs, military-controlled entities and companies.
He said that the advisory was issued in part by U.S. Departments of State, Treasury Commerce and Labor.
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