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EU Moves to Ease Sanctions on Zimbabwe, Targets Growth in Investment and Trade Relations

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The European Union has moved to ease its restrictive measures on Zimbabwe, signalling a renewed phase of engagement centred on expanding trade, investment, and economic cooperation, while maintaining its long-standing arms embargo, Mining Zimbabwe can report.

By Ryan Chigoche

The EU has had restrictive measures in place against Zimbabwe since February 2002, when the European Council, made up of the bloc’s member states, expressed grave concern over the situation in the country, particularly serious human rights violations under then-President Robert Mugabe’s government.

This development marks an important shift in relations between Harare and Brussels and comes at a time when Zimbabwe is increasingly positioning itself as a strategic player in the global race for critical minerals essential to the energy transition.

“The EU remains constructively engaged with Zimbabwe and looks forward to deepening bilateral relations across a broad range of areas of mutual interest, including trade and investment,” the European Union said following its latest review of measures on the country.

While the bloc extended its arms embargo on Zimbabwe by another year to February 2027, it confirmed that provisions relating to asset freezes and travel bans have been lifted, as no individuals or entities remain under sanctions.

The last remaining entity, Zimbabwe Defence Industries, was removed from the sanctions list in 2025, effectively ending targeted economic restrictions.

This development signals a gradual thaw in relations after decades of tension with Western powers, stemming from sanctions imposed in the early 2000s over governance and human rights concerns, as strategic economic interests begin to reshape long-standing diplomatic dynamics.

The easing of measures comes at a critical moment, with global powers intensifying efforts to secure key minerals for clean energy technologies, including lithium and rare earth elements.

Zimbabwe, home to some of the world’s largest hard-rock lithium deposits and significant platinum reserves, is increasingly viewed as a strategic supplier, attracting growing international interest in its mining sector.

Reinforcing this momentum, Diana Janse, Sweden’s Deputy Minister of Trade and Promotion, at the just concluded Mining Indaba, highlighted opportunities for deeper cooperation in mining modernisation, particularly in mechanisation, sustainable mining technologies, and environmentally responsible extraction.

“It is good to meet with the Minister here at this mining exhibition since we have a lot of Swedish companies that have a lot to offer to the mining industry,” she said. “In terms of equipment to conduct sustainable mining, sustainable from an environmental point of view but also from a social point of view.”

Janse said Sweden was keen to deepen partnerships with Zimbabwe’s mining sector.

“So, I discussed this with the minister, and we are happy to partner with Zimbabwe in the mining industry to develop that partnership,” she said.

She noted that Swedish companies are well-positioned to support Zimbabwe’s mining sector, reflecting growing European interest in the country’s mineral development trajectory.

As reported by Mining Zimbabwe, her remarks echoed similar sentiments from John Humprey, the United Kingdom’s Trade Commissioner for Africa, who highlighted ongoing discussions with Zimbabwe on skills development, technology transfer, and geological surveying.

The EU’s renewed emphasis on trade and investment is therefore seen as strategically significant for Zimbabwe’s mining industry, which is expected to play a central role in driving economic growth, mineral beneficiation, and integration into global green supply chains.

At the same time, while the United States continues to maintain targeted sanctions on Zimbabwean officials, including President Emmerson Mnangagwa under its Global Magnitsky framework, it signalled at the Mining Indaba 2026 a strong push for cooperation with Zimbabwe’s mining sector.

Washington’s focus is on securing critical minerals such as lithium, nickel, and rare earth elements, vital for electric vehicles, battery storage, and defence technologies.

The U.S. Embassy in Zimbabwe said discussions aim to strengthen strategic mineral reserves through investment partnerships that create jobs and benefit local communities while building resilient, transparent supply chains.

The engagement is intended as a platform for “win-win mineral supply transactions,” demonstrating the United States’ continued interest in Zimbabwe’s critical minerals despite ongoing sanctions.

For Zimbabwe, expanding ties with both the European Union and other Western partners offers opportunities to improve access to capital, technology, and export markets at a time when the country is seeking to leverage its vast mineral resource base to accelerate industrial development and solidify its role in the global critical minerals value chain.

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