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Syria's foreign minister lambastes Arab sanctions

By REUTERS

NOVEMBER 28, 2011 16:21

BEIRUT - Syria's Foreign Minister Walid al-Moualem said on Monday the Arab League's decision to halt dealings with the Syrian Central Bank was a "declaration of economic war."

Moualem also told a televised news conference that Syria had already withdrawn 95 percent of funds targeted by the League's decision that Arab states freeze Syrian government bank assets.

"Sanctions are a two-way street. I am not warning here, but we will defend the interests of our people... We have to defend the interests of our people," Moualem said.

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