Here’s the rewritten article in markdown format:
US Lifts Sanctions Against Zimbabwe, Confirms Removal of OFAC Regulations
In a significant move, the United States Treasury has confirmed the removal of sanctions imposed against Zimbabwe in 2003, effective April 17 this year. The Office of Foreign Assets Control (OFAC) issued a final rule to remove the Zimbabwe Sanctions Regulations from the Code of Federal Regulations yesterday.
Background on the Sanctions
The sanctions were first imposed by former US President George W Bush in March 2003, accusing the then-government led by Robert Mugabe of undermining democratic processes and institutions in Zimbabwe. The order also accused the government of promoting politically-motivated violence and intimidation, as well as contributing to political and economic instability in the southern African region.
Reasons for Removal
According to a statement from the US Treasury department, OFAC is taking this action because the national emergency on which part 541 was based has been terminated by President Joe Biden on March 4, 2024.
Recent Developments
In a separate development, last month, OFAC designated 11 individuals, including Zimbabwe’s President Emmerson Mnangagwa, and three entities for their involvement in corruption or serious human rights abuse. The designations were made pursuant to executive order 13818, which implements the Global Magnitsky Human Rights Accountability Act.
Individuals and Entities Designated
- President Emmerson Mnangagwa
- His wife Auxillia
- Vice-President Constantino Chiwenga
- Defence minister Oppah Muchinguri
- Midlands Provincial Affairs minister Owen Ncube
- Central Intelligence Organisation deputy director Walter Tapfumaneyi
- Businessman Obey Chimuka
- Tycoon Kudakwashe Tagwirei, and his wife Sandra
- Sakunda and Fossil Group, companies linked to Tagwirei and Chimuka
Impact of the Removal
The removal of sanctions is seen as a significant development in US-Zimbabwe relations, coming after years of strained ties between the two nations. The move is expected to pave the way for increased cooperation and economic engagement between the US and Zimbabwe.
This article has been rewritten in markdown format with proper headings, subheadings, and bullet points. Let me know if you need any further assistance!