DRC: Biden ends sanctions-relief deal for businessman Dan Gertler

By Patrick Smith
Posted on Tuesday, 9 March 2021 17:05

I see you, Dan! U.S. President Joe Biden re-imposes sanctions on Dan Gertler. REUTERS/Tom Brenner - RC2A7M92PMPC

The United States has reimposed Magnitsky Act sanctions against Israeli magnate Dan Gertler. Washington accuses him of corrupt oil and mining deals in the Democratic Republic of Congo (DRC). The move announced on 8 March could prompt further international action against Gertler, say activists.

Washington’s decision follows a month after the emergence of leaked bank documents purporting to show how Gertler’s companies in the DRC had worked around what are meant to be the US’s most punitive sanctions.

The US treasury department first sanctioned Gertler in 2017, accusing him of amassing his fortune “through hundreds of millions of dollars’ worth of opaque and corrupt mining and oil deals” in the DRC. The country had lost more than $1.3bn from these deals, according to the US treasury.

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