EU Expands Sanctions Against Syria

Increasingly appalled by the Syrian regime’s brutality and continued repression, European Union leaders announced earlier this week a new round of sanctions against the government. The new measures target the Central Bank of Syria, the country’s gold, diamonds, and precious metals trade, and Syrian cargo flights in and out of Europe. From law firm White & Case, an overview of the sanctions:

“The new sanctions as from 28 February 2012 impose an asset freeze on the Central Bank of Syria and seven Syrian Ministers; prohibit the sale/supply/export/transport of gold, precious metals and diamonds to the Syrian Government or to the Central Bank of Syria as well as the purchase/import/transport of these goods from them; and prevent access to EU airports of all cargo-only flights operated by Syrian airlines.”

Read the full update, EU sanctions Against Syria Expanded to Cover Central Bank of Syria, Gold, Precious Metals & Diamonds and Cargo Flights, White & Case LLP»