By Martin Hutchinson and Christopher Swann
NEW YORK, Aug 10 (Reuters Breakingviews) - The U.S. wants $3.5 bln for the African nation following a recent oil pact with its southern spinoff. But that could contravene 1997 sanctions, exposing aid providers and investors to a StanChart-like zap. It would be far better to just adopt a new policy altogether.
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CONTEXT NEWS
- The United States is attempting to attract around $3.5 billion of financial aid for Sudan as part of a peace deal between the nation and the newly independent South Sudan.
- South Sudan will also pay Sudan $3 billion to compensate Sudan for the loss of its oil reserves to South Sudan.
- Reuters: Sudan, S. Sudan reach oil deal, will hold border talks [ ID:nL6E8J44JC]
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(The authors are Reuters Breakingviews columnists. The opinions expressed are his own.)
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(Editing by Rob Cox and Martin Langfield)
((martin.hutchinson@thomsonreuters.com)(christopher.swann@thoms nreuters.com))
Keywords: BREAKINGVIEWS SUDAN/
