Category Archives: EU embargo on Syrian oil

Syria: The Damascus Bomb Blasts part 1

In anticipation of the Arab League monitor mission to Syria a number of questions emerged. Among them: how could the monitors be allowed to operate freely in Syria given the ambiguous agreement and how would the Syrian regime try to … Continue reading

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Syria: Ministers of Finance, Economy, Chief and Deputy Chief of Staff and eight other individuals and 11 companies added to EU sanction list

A. Persons 1. Mohammad Al-Jleilati DoB 1945, PoB Damascus Minister of Finance. Responsible for the Syrian economy. 2. Dr. Mohammad Nidal Al-Shaar DoB 1956, PoB Aleppo Minister of Economy and Trade. Responsible for the Syrian economy. 3. Lt. General Fahid … Continue reading

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Syria: fear and loathing in the business community

Seven months after the start of protests, with at least 3000 civilians killed and more than 10 000 arrested, abused and tortured, the largely peaceful uprising against the Syrian regime is hanging in the balance. Although defections from the army … Continue reading

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Syria: Ministers of Justice and Information added to sanction list together with Cham Holding, Syriatel, Addounia TV and three other entities

The new EU sanctions that unveiled yesterday went into effect today. In yesterdays post I mentioned the ban on investments in the Syrian oil industry and transfer of Syrian banknotes and coins printed/minted in the EU. Today I have the … Continue reading

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EU: new sanctions against Syrian regime bans investments in the oil sector and the delivery of banknotes goes into effect on 24 September

After a delay due to procedural matters EU will impose new sanctions as of 24 September on the Syrian regime. The sanction bans investments in the Syrian oil industry. Two more individuals and six entities have been added.  The information … Continue reading

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EU: Council of the European Union bans purchase, import and transportation of oil from Syria

Today EU finally took the decision to ban purchase, import and transport of oil and other petroleum products from Syria. No financial or insurance services may be provided for such transactions. In addition EU added four more persons and three … Continue reading

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Syria: the effect of EU oil sanctions on the economy and the Assad regime

EU is set to impose sanctions – an embargo on import of Syrian oil this week. What effect, if any, will it have on the Syrian economy and on the regime of Bashar al-Assad? The Syrian economy is small. The … Continue reading

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