The measures are designed to prevent outside investors from doing business with the government or underwriting reconstruction.
US hits Syria’s elite with new economic and travel sanctions
The Trump administration on Wednesday ramped up pressure on Syrian President Bashar Assad and his inner circle with a raft of new economic and travel sanctions for human …
U.S. hits Syria with toughest sanctions yet to push Assad to end war
The United States on Wednesday imposed its toughest sanctions ever targeting Syrian President Bashar al-Assad to choke off revenue for his government in a bid to force it back to United Nations-led …
As the US rolls out new sanctions on Assad, Syria braces for economic devastation
The United States has rolled out fresh sanctions that aim to drive Syrian President Bashar al-Assad back to a UN-led negotiating table and threaten to devastate Syria’s already floundering economy.
Restoring telecommunication networks in Syria is a key priority
The telecoms sector in Syria has paid a heavy toll from the years of civil war and destruction. The major mobile operators of Syriatel and MTN Syria, along with the incumbent, have been focusing on …
Syria devalues currency amid chaos ahead of new US sanctions
Syria devalued its currency by 44% on Wednesday, announcing a new official exchange rate for the pound amid chaos in the market, hours before new U.S. sanctions aimed at cutting off revenue for Syrian …
Syria war: New US sanctions target Assad government’s foreign backers
Tough new economic sanctions aimed at deterring foreign business activity with Syria’s government have been imposed by the United States. The measures in the Caesar Act seek to compel the government …
U.S. to sanction Syria to block Assad from military victory
The United States said it will impose sanctions against Syria on Wednesday to force it to comply with U.N.-led negotiations to end the nearly decade-long civil war.
Syria devalues currency as new US sanctions hit
Syria’s central bank devalued the Syrian pound on Wednesday giving in to weeks of depreciation on the black market as new US sanctions took effect. The central bank raised the official exchange rate …
US sanctions on Syria: Caesar Act to take effect on Wednesday
New US sanctions are about to go into effect targeting any country, individual or entity that provides support to Syria’s government. The sanctions, under legislation called the Caesar Act, aim to …