Obama imposes sanctions on Syria’s petroleum industry

US President Barack Obama Aug. 18 signed an Executive Order imposing additional sanctions against Syria’s government, freezing any of its assets in the US, and banning the import into the US of petroleum or petroleum products of Syrian origin.

“This EO…bans US imports of Syrian-origin petroleum or petroleum products; prohibits US persons from having any dealings in or related to Syria’s petroleum or petroleum products; and prohibits US persons from operating or investing in Syria,” Obama said.

In a letter to the US Congress explaining his order, Obama said the situation in Syria constituted “an unusual and extraordinary threat” to the national security, foreign policy, and economy of the US.
The US Department of the Treasury identified additional entities of Syria’s government as falling under the new EO. These included:

Continue Reading Article Here >>>