No, these are not economic sanctions. These are targeted sanctions on the military and a few politicians to ensure that Eritrea does not get entangled in the Ethiopian war.
Please read the official statement from the department of treasury: https://home.treasury.gov/news/press-releases/jy0478
The individuals and entities designated today are the Eritrean Defense Force, the People’s Front for Democracy and Justice, Abraha Kassa Nemariam, Hidri Trust, Hagos Ghebrehiwet W Kidan, and Red Sea Trading Corporation.
ENAMCO are not cited in the sanctions nor are they wide-ranging economic/trade sanctions.
The US/UK have the same targeted sanctions on Zimbabwe and many other countries where Western companies continue to operate unimpeded.
Ann: Quarterly Activities Report and Appendix 5B, page-53
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