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February 08, 2012

EU's new set of sanctions, another blow to Syrian economy

February 08, 2012

February 08, 2012

EU is preparing for a new set of sanctions on Syria, to be announced during the Foreign Ministers’ meeting on the 27th of February.
The European sanctions include freezing the Syrian Central Bank’s assets (including accounts), banning all dealings with it, ending all trade in Syrian phosphate. EU countries import about 40% of Syria’s phosphate exports. The EU will also stop all trade in diamond, Gold and precious stones. Ending commercial flights is also on the meeting’s table.
According to reports on the expected sanctions, the EU is weighing their effect on the general public in Syria. Such considerations will determine the level of sanctions.


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