Story perspectives

US Treasury Sanctions Rwanda Gold Refinery Over M23 Smuggling

6/27/2026

Summary

Story summary

U.S. Treasury sanctioned Rwanda’s Gasabo Gold Refinery, chairman Jean Malic Kalima and manager Bosco Kayobotsi for illicit mineral trade tied to M23.
U.S. officials say the smuggling network moved at least 60 kg of gold through Rwanda.
Treasury Secretary Scott Bessent said the United States will not let rogue groups profit from illicit mineral trade.
The sanctions freeze assets the designated parties hold under U.S. jurisdiction, while Rwanda has not responded.

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Story summary

U.S. Treasury sanctioned Rwanda’s Gasabo Gold Refinery, chairman Jean Malic Kalima and manager Bosco Kayobotsi for illicit mineral trade tied to M23.
U.S. officials say the smuggling network moved at least 60 kg of gold through Rwanda.
Treasury Secretary Scott Bessent said the United States will not let rogue groups profit from illicit mineral trade.
The sanctions freeze assets the designated parties hold under U.S. jurisdiction, while Rwanda has not responded.