US Universities To Decide About Sudan Investments

Posted on April 17, 2006
Filed Under General Thoughts |

Universities in the US have started mounting pressure on some of the most powerful institutional funds in the country to withdraw billions of dollars worth of money from any Sudan-related investments. It’s a move designedto put pressure on the Sudanese government to end the Darfur crisis. While this is a good move, I still don’t thinkit will have much effect on the Sudanese government. It will however have an effect on the companies operating inSudan. Some of those companies’ stocks have already started declining in value. Pitty them, they’re suffering for doing business with the government of Sudan and even if they complain, the Sudanese government can easily replace them and give the contracts to other companies. Meanwhile China & Russia are still against the idea of sanctions.

“International action against Sudan, meanwhile, has been blocked in the United Nations Security Council by China and Russia, which have economic interests with the Khartoum government in PetroChina, an oil company, and via Russian military arms sales.”

Comments

Leave a Reply