BREAKING NEWS

EU targets Syrian bank, toughens sanctions

By REUTERS

JUNE 26, 2012 13:13

BRUSSELS - The European Union toughened its sanctions against Syria on Tuesday, placing restrictions on a Syrian bank, an oil company and a government spokeswoman.

The 16th round of sanctions against Syria are part of EU efforts to pressure President Bashar Assad into ending his violent repression of a 15-month-old uprising against his rule.

In Tuesday's move the European Union added the Syria International Islamic Bank (SIIB) and Syria's national oil transport company to its list of targeted groups, according to its official journal, where EU laws are published.

"From 2011 to 2012, SIIB surreptitiously facilitated financing of 150 million dollars on behalf of the Commercial Bank of Syria," the EU announcement said.

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