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Fresh Threats in Zimbabwe Aimed at Foreign-Owned Companies

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By Fungai Maboreke, Special to the NNPA from the Global Information Network –

As the country marked Heroes Day on Aug. 8, President Robert Mugabe renewed threats against companies from Western countries that have imposed targeted sanctions on him and key ZANU PF officials.

The U.S. and European Union slapped sanctions on Mugabe and his supporters because of human rights abuses.

According to Reuters, Mugabe told thousands who attended the commemoration of liberation heroes: "We can't continue to receive the battering of sanctions without hitting back. We have to hit back."

"We will have to discriminate against countries that have imposed sanctions against us. Why do we need companies like Rio Tinto? If they are to continue mining, then the sanctions must go," he said.

He has previously called for a boycott of products from foreign countries who back the sanctions, which he says have hurt the country's shaky economy

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0 # Guest 2011-08-15 07:56
Why do you seem like you doubt that the sanctions have hurt the economy? And why do you claim that the sanctions are on Mugabe and his supporters? Go and read the Zimbabwe Democracy and Economic Recovery Act passed the US Congress and which sets out the scope of the sanctions. You will realize then that when the IMF and World Bank apply sanctions they do not apply them on an individual, they apply them on an economy. After that, maybe you will understand that the economy is shaky because of sanctions. After all, how could one person turn into a bad economic manager overnight after having been hailed as one for 30 years and even getting honorary doctorates from some very prestigious American and European universities because of that?
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