European Union puts new sanctions on Ivory Coast’s Gbagbo

The European Union has added new sanctions on Ivory Coast under Laurent Gbagbo’s refusal to leave power.

The international community is adding to the pressure on defiant Ivory Coast leader Laurent Gbagbo as he tries to withstand a military assault by opponents.

The European Union on Wednesday banned its members from buying bonds or securities from the Gbagbo government or providing it with loans.

The legislation, passed by the European Union Council, makes exemptions for funds to be used for humanitarian purposes.

The EU previously adopted a travel ban and asset freeze against Mr. Gbagbo and some of his aides. On Wednesday, it added one individual to the list of people subject to those sanctions.

The EU, along with the United Nations, African Union, and West African bloc ECOWAS, has demanded that Gbagbo cede power to rival Alassane Ouattara, who most countries recognize as the winner of last year’s presidential election.

Laurent Gbagbo is being cornered and he has no one to blame but himself.  This whole tragic event could’ve have been avoided if Gbagbo gracefully left power when he lost the Presidential election late last year.  Ivory Coast used to be one of the Jewels of Africa.  Hopefully it will return to its glory days soon.

Last week the United Nations voted to sanction Ivory Coast.

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