EU Prepares Sanctions against Syria Oil Sector

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The European Union is preparing sanctions against Syria's key oil sector, a European diplomatic source told Agence France Presse Friday.

"The EU is preparing sanctions against the petroleum sector and envisions eventually an embargo on all Syrian oil imports," the diplomat who requested anonymity said.

In addition, the EU is expected to add 15 names to the list of people and Syrian businesses whose assets have been frozen and who are subject to a travel ban, the diplomat added.

The EU plans to sanction people and enterprises which are linked not only to the repression of protesters, but also those which economically support the Syrian regime.

On Thursday, EU foreign policy chief Catherine Ashton called on Syrian President Bashar al-Assad to quit power.

The EU has already adopted a series of sanctions against Syria since it began its bloody crackdown on anti-regime protesters. They include asset freezes and travel bans against 35 people and four businesses, as well as an arms embargo.

Comments 4
Default-user-icon Joe (Guest) 19 August 2011, 19:14

Good. Hit them where it hurts most. The Syrian regime is made out of thieves. They would do anything just to rob. They robbed billions from Lebanon and they been robbing Syria and the Syrian people since the day they got in power. There will be no escape from justice for these thugs.

Default-user-icon MUSTAPHA O. GHALAYINI (Guest) 19 August 2011, 19:48

bashar is not afraid of the oil sector but from the syrian bank sector: the deposits are melting in the central bk.

Default-user-icon Gabby (Guest) 19 August 2011, 19:53

Let Assad feel some pain for a change!!! His demise is certain, he just won't accept it yet.

Thumb ithinkthere14iam 19 August 2011, 20:29

Eu is huge importer of Syrian oil...very good tactic and will surely hurt Assad gravely