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Withdrawal from the mining sector, a sine qua non condition for reducing sanctions against Dan Gertler
The United States is willing to ease sanctions on Israeli businessman Dan Gertler, provided he gives up his interests in copper and cobalt mines in the Democratic Republic of Congo (DRC).
Several American media outlets reported this information just as Washington seeks to secure the supply of critical metals to its industries.
Thanks to an agreement signed in February 2022, the Congolese Government was able to recover part of Dan Gertler's mining and oil assets, then valued at $2 billion.
The Israeli billionaire nevertheless retains significant influence in the local mining sector.
In place since 2017, with a temporary lifting in the last weeks of Donald Trump's mandate, these sanctions prevent Dan Gertler from using his American subsidiaries and assets to carry out economic and financial operations.
They are explained by the allegations of corruption weighing on the businessman, accused by the American Treasury of having been involved in “hundreds of millions of dollars of opaque mining and oil transactions” under the regime of President Joseph Kabila .
Civil society actors maintain that Dan Gertler has enriched himself to the tune of hundreds of millions of US dollars thanks to the royalties he holds on the production of Congolese mines belonging to Glencore, the world's second largest cobalt producer, and to Eurasian Resources. .
Some specialists believe that the departure of the Israeli billionaire could facilitate the implementation of Washington's strategy, consisting of sourcing copper and cobalt from Congolese mines to support the energy transition in the United States of America.
mediacongo
The United States is willing to ease sanctions on Israeli businessman Dan Gertler, provided he gives up his interests in copper and cobalt mines in the Democratic Republic of Congo (DRC).
Several American media outlets reported this information just as Washington seeks to secure the supply of critical metals to its industries.
Thanks to an agreement signed in February 2022, the Congolese Government was able to recover part of Dan Gertler's mining and oil assets, then valued at $2 billion.
The Israeli billionaire nevertheless retains significant influence in the local mining sector.
In place since 2017, with a temporary lifting in the last weeks of Donald Trump's mandate, these sanctions prevent Dan Gertler from using his American subsidiaries and assets to carry out economic and financial operations.
They are explained by the allegations of corruption weighing on the businessman, accused by the American Treasury of having been involved in “hundreds of millions of dollars of opaque mining and oil transactions” under the regime of President Joseph Kabila .
Civil society actors maintain that Dan Gertler has enriched himself to the tune of hundreds of millions of US dollars thanks to the royalties he holds on the production of Congolese mines belonging to Glencore, the world's second largest cobalt producer, and to Eurasian Resources. .
Some specialists believe that the departure of the Israeli billionaire could facilitate the implementation of Washington's strategy, consisting of sourcing copper and cobalt from Congolese mines to support the energy transition in the United States of America.
mediacongo
