U.S. imposes new sanctions on Syria and targets oil

Last Monday (9), the United States imposed new economic sanctions targeting the oil sector in Syria. Among those sanctioned are Syrian parliamentarians and military authorities accused of supporting oil production for the benefit of bashar al assad's government. The move is part of the fifth wave of U.S. sanctions on Syria since the entry into force of the "Caesar Act" in June this year, which was designed to prevent companies and countries from opening diplomatic channels to the Asian country.

The list includes a total of 19 people and sanctioned entities, according to the U.S. Treasury and State Department. These include the oil companies Arfada Petroleum Private Joint Stock Company (based in Lebanon) and Sallizar Shipping SAL (based in Syria).

All assets of those sanctioned in the United States will be frozen and cannot operate in the U.S. financial system or enter the country.

U.S. Secretary of State Mike Pompeo said the sanctions were in memory of the more than 70 civilians killed in October 2015 in the bombing of the Douma market in Syria.


Leave a Reply