Syria’s General Foreign Trade Organization | Al Bawaba

Syria’s General Foreign Trade Organization latest

UK Foreign secretary, William Hague attends the 9th International Institute for Strategic Studies (IISS) Regional Security Summit in the Bahraini capital, Manama. [AFP]

December 15th, 2013 - 05:48 GMT

UK: Assad cash loophole closed

After Assad tricked EU governments into releasing millions in funds, Britain has tightened sanctions blocking assets to the Syrian regime.

Syria’s economy has been hurt by depletion of foreign reserves that were estimated at around $16 billion to $18 billion before the conflict.under an article in the bloc’s regulations on Syria, “the release of frozen funds or economic resources may be authorized when this is necessary for humanitarian purposes.”

August 7th, 2013 - 11:22 GMT

Syrian regime seeks frozen bank accounts for vital food supplies