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Former Cote d'Ivoire President Threatens to Nationalize Cocoa Industry

At a recent press briefing, a State Department official stated that the U.S. is trying to increase pressure on former Cote d'Ivoire President Gbagbo to further isolate him. The official also noted that Gbagbo's threat to nationalize the cocoa industry…

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in an effort to gain funds clearly show that the sanctions that the U.S. has leveled against him are having an effect. (See ITT's Online Archives or 01/06/11 news, 11010648, for BP summary of OFAC's sanctions against Gbagbo and others pursuant to Executive Order 13396.)