US President Barack Obama speaks on the phone 311 (R).
(photo credit: Reuters / White House)
WASHINGTON - The Obama administration on Thursday imposed fresh sanctions on Syria's government, freezing any of its assets in the United States as well as banning petroleum products of Syrian origin.
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The latest round of sanctions against Syrian President Bashar Assad and his government prohibit US entities, wherever located, from engaging in any transactions or dealings with Syrian petroleum products.
The administration also blacklisted a new round of Syrian companies, including the state-owned General Petroleum Corporation that controls the country's oil and gas industry.
US President Barack Obama on Thursday said it was time for Assad to
resign, and said the United States was implementing tough new sanctions
to help end violence in Syria.
"The future of Syria must be
determined by its people, but President Bashar Assad is standing in
their way," Obama said in a statement. "His calls for dialogue and
reform have rung hollow while he is imprisoning, torturing, and
slaughtering his own people.
"For the sake of the Syrian people, the time has come for President Assad to step aside."
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