EU Bans Syrian Oil Imports To Weaken Regime

Law360, New York (September 2, 2011, 3:04 PM EDT) -- The European Union on Friday banned the import of Syrian oil in order to deprive the embattled government of critical funds as it continues to suppress a civilian uprising.

The move is the EU’s latest and sternest rebuke to President Bashar al-Assad and forces Syria, which had reportedly sent 95 percent of its oil exports to Europe, to find a new and lucrative petroleum market. The U.S. has already imposed a similar ban on Syrian oil imports in order to force the Assad regime to step...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.