EU prohibits Syrian oil
Source: Agencies |
September 4, 2011, Sunday
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Print Edition
Print Edition
THE European Union imposed a ban on purchases of Syrian oil yesterday and targeted three Syrian firms in an expanded sanctions list meant to intensify pressure against Syrian President Bashar al-Assad's government.
The new round of sanctions against Syria marks the first time Europe has targeted Syrian industry as it seeks to cut off Assad's access to funds and force him to end a five-month-old crackdown on pro-democracy protesters that the United Nations says has killed about 2,000 civilians.
But analysts say the sanctions, which do not go as far as the investment ban imposed by the United States last month, may have only a limited impact.
EU governments are expected to have more discussions on such a ban, but industry experts have said the 27-member bloc will have to overcome reluctance among some capitals, given that European firms like France's Total invest in Syria.
Experts say the impact of international sanctions on Syria is weakened by opposition from some global powers, including Russia and China.
The new round of sanctions against Syria marks the first time Europe has targeted Syrian industry as it seeks to cut off Assad's access to funds and force him to end a five-month-old crackdown on pro-democracy protesters that the United Nations says has killed about 2,000 civilians.
But analysts say the sanctions, which do not go as far as the investment ban imposed by the United States last month, may have only a limited impact.
EU governments are expected to have more discussions on such a ban, but industry experts have said the 27-member bloc will have to overcome reluctance among some capitals, given that European firms like France's Total invest in Syria.
Experts say the impact of international sanctions on Syria is weakened by opposition from some global powers, including Russia and China.
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