Tuesday, February 28, 2012

Syrian War Update - Precious Metal Trading Banned

From The Jerusalem Post:

BRUSSELS - European Union foreign ministers agreed new sanctions against Syria on Monday, targeting its central bank and several cabinet ministers to try to curb funding for the government and increase pressure on President Bashar Assad.

The measures, expected to be enforced this week, include prohibiting trade in gold and other precious metals with Syrian state institutions and a ban on cargo flights from Syria, officials said.

British Foreign Secretary William Hague said the sanctions were crucial to putting pressure on Assad to end violence that has killed thousands of civilians over the last 11 months.

"I hope we will agree further sanctions today which will further restrict the access to finance in particular of the regime," Hague told reporters before the meeting.        Read more

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