Zimbabwe: Sanctions Have Cost Zimbabwe U.S.$42 Billion, Government Claims

10 September 2019

Government Tuesday claimed Zimbabwe has lost US$42 billion in revenue in the last 18 years due to sanctions imposed by European Union (EU) and the US on allegations of electoral fraud and human rights abuses.

Information Minister Monica Mutsvangwa told a post-Cabinet media briefing Tuesday that according to a paper presented to the Cabinet by the Foreign Affairs Minister Sibusiso Moyo, the country has lost billions due to the measures that the EU and US claim are targeted at individuals and not the country.

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