It means that any RDF assets, houses, and investments that fall under U.S. jurisdiction are seized. All RDF funds within or touching the U.S. global financial system are frozen. The RDF are banned from using the U.S. global financial system — from buying weapons to paying salaries. The RDF is blocked.
All U.S. persons and companies are banned from doing business with the RDF. Foreign companies and banks that conduct significant transactions with the RDF risk sanctions exposure and potential loss of access to the U.S. financial system.
In short, the US is cutting off their money and business. This is going to hurt Paul Kagame badly.And as more sanctions come it will frustrate all the sectors of Rwandese economy.
To all US and international companies doing business with the Rwanda Defence Force , or with companies owned or linked to the Rwanda Defence Force: The sanctions will target Companies reportedly owned by, linked to, or operating in close coordination with the RDF include:
(1) Gabiro Agro Processing Industry
(2) Agro Processing Trust Corporation (APTC)
(3) Rwanda Fertiliser Company (RFC)
(4) Zigama Credit and Savings Bank
(5) Rwanda Engineering and Manufacturing Corporation (REMCO)
The congress has made it clear for the No waivers. No exceptions. No backdoor access to the U.S. financial system for RDF-owned or RDF-linked enterprises while sanctionable conduct continues.
Any U.S. company, bank, investor, insurer, or firm clearing U.S. dollar transactions should conduct enhanced due diligence immediately. The congress stressed that U.S. banking system is not a revenue pipeline for sanctioned military actors and that Kagame's Compliance is not optional.
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