US imposes broad new sanctions on Syria

President Barack Obama issued an executive order on Thursday implementing new US sanctions on Syria as part of an effort to financially isolate the government of Syrian President Bashar al-Assad.

By (Reuters)

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Published: Thu 18 Aug 2011, 11:47 PM

Last updated: Tue 7 Apr 2015, 8:52 AM

Following are the main elements included in the executive order, the latest in a series of sanctions against Syria.

· Freezes all Syrian assets in the United States or held under US jurisdiction

· Bars US citizens from making new investments in or exporting services to Syria

· Bans US imports and transactions of Syrian-origin petroleum or petroleum products

· Prohibits exportation, sale or supply — directly or indirectly — of any services to Syria from the United States or by a US citizen

The United States also blacklisted a new round of Syrian companies. They include:

· General Petroleum Corporation, which controls Syria’s oil and gas industry and is responsible for the exploration, development and investment of Syria’s oil and gas exploration activities.

· Syrian Petroleum Company, which is responsible for upstream oil production and development in Syria.

· Syrian Company for Oil Transport, which manages Syria’s domestic pipeline system and is responsible for transporting all Syrian crude and petroleum products. It also manages Syria’s three major oil export/import terminals: Baniyas, Tartous and Latakia.

· Syrian Gas Company, which is responsible for processing, transporting and marketing Syria’s natural gas.

· SYTROL, the state oil marketing firm that is responsible for selling Syrian crude to foreign buyers.

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