Economics
UN Security Council Passes Sanctions Resolution on Eritrea
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The United Nations Security Council today voted to expand sanctions on Eritrea and warned mining companies to exercise greater “vigilance” in doing business with the African nation.
The 15-member council approved a resolution 13 to 0, with Russia and China abstaining, that broadens the scope of an asset freeze and travel ban imposed on Eritrean individuals and entities in 2009. In addition, UN member states “shall undertake appropriate measures to promote the exercise of vigilance” in their dealings with Eritrea’s mining industry.