UN Lifts Decade-Old Sanctions on Eritrea After Peace Deal

  • Embargo’s end may boost once-isolated African nation’s economy

  • Country is restoring relations with former enemy Ethiopia

By Nizar Manek, 15 November 2018
(Bloomberg) --
The United Nations lifted almost decade-old sanctions on Eritrea, potentially boosting the once-isolated Red Sea nation’s economy as it rebuilds relations with giant neighbor and long-time foe Ethiopia.
The UN Security Council’s move ends restrictions first imposed in 2009 on accusations Eritrea backed armed groups including al-Shabaab in Somalia. Eritrea has long decried the claims as baseless and politically motivated, while UN investigators said they’ve found no evidence of support for the Somali al-Qaeda affiliate over the past five years.
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