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Article

25 Aug 2001

Author:
editorial, Thomas G. Donlan, Barron's [USA]

Unsanctioned Action: Political Power Does Not Grow From The Barrel Of An Economic Gun

The [U.S.] Administration opposes a new form of economic sanction that might be applied to the government of Sudan. The House of Representatives recently passed the "Sudan Peace Act," which includes an amendment prohibiting foreign companies that do business in Sudan from raising money or listing shares in U.S. capital markets. The new provision would apply to foreign companies, particularly a Canadian oil company called Talisman Energy; China National Petroleum, Lundin Oil of Sweden and Petronas, the state oil company of Malaysia.