Open

Coming up

Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

Can Weibo win over US investors?

Read more

REPORTERS

Indian election: Votes for sale

Read more

IN THE PAPERS

i Gracias, Gabo i

Read more

IN THE PAPERS

The Socialist rebellion grows

Read more

DEBATE

Algeria: What's the Choice? Incumbent Bouteflika Votes in Wheelchair (part 2)

Read more

DEBATE

Algeria: What's the Choice? Incumbent Bouteflika Votes in Wheelchair

Read more

AFRICA NEWS

Virunga Park chief shot

Read more

MEDIAWATCH

Algerian election: Bouteflika votes in wheelchair

Read more

MEDIAWATCH

Algeria's media: a mixture of censorship and free speech

Read more

  • Captain not at helm when ship listed, South Korean officials say

    Read more

  • Top Hollande adviser resigns over conflict of interest accusation

    Read more

  • Indian election: Votes for sale

    Read more

  • Video: Tensions remain high in Mariupol despite Geneva deal

    Read more

  • Nobel-winning Colombian writer Gabriel Garcia Marquez dies at 87

    Read more

  • West African Ebola outbreak caused by new strain of virus

    Read more

  • With a strong French presence, veterans and fresh faces, Cannes aims to please

    Read more

  • Deadly avalanche strikes Everest in worst-ever disaster

    Read more

  • Low turnout reported in Algeria as Bouteflika seeks fourth term

    Read more

  • Astronomers discover Earth-like planet that could support life

    Read more

  • Russia and West agree on steps to ease Ukraine crisis

    Read more

  • Mob launches deadly attack on UN shelter for S. Sudan civilians

    Read more

  • Eurostar train mishap causes 'severe' delays

    Read more

  • Chelsea Clinton announces she's pregnant

    Read more

  • French troops free five aid workers kidnapped in Mali by Islamists

    Read more

  • In pictures: Iranian woman pardons son’s killer at the gallows

    Read more

  • After cup defeat, Spanish pundits read last rites for Barcelona

    Read more

  • India heads to polls in single largest day of voting

    Read more

  • Ukraine talks open in Geneva as Putin talks tough on TV

    Read more

  • Pro-Russian separatists killed in attack on Black Sea base

    Read more

  • Man executed in Texas for 2002 triple murder

    Read more

  • Scandal-hit French doctor Jacques Servier dies at 92

    Read more

  • Belgian head of wildlife reserve shot in DR Congo

    Read more

  • Crunch talks on Ukraine begin in Geneva

    Read more

  • Stagehand of God? Maradona's legendary goal inspires a play

    Read more

Middle east

EU to broaden sanctions against Syria

©

Text by News Wires

Latest update : 2011-08-26

European Union governments agreed to broader sanctions against Syria Friday, but failed to reach agreement on a full-scale oil embargo, as President Bashar al-Assad’s regime continued its brutal crackdown on anti-government protesters.

REUTERS - European Union governments agreed on Friday to broaden their sanctions against Syria to allow for future bans on business with Syrian banks or energy and telecommunications firms, EU diplomats said.

During a round of talks in Brussels on future sanctions against the government of President Bashar al-Assad, EU diplomats also confirmed plans to impose an embargo on imports of Syrian crude oil to Europe.
 
Pending a final confirmation by EU capitals, the import ban could be put in place as soon as next week, diplomats said.
 
But disagreements persisted over proposals to ban European citizens from investing in Syria's oil industry -- a measure already instituted for Americans by the United States along with an embargo on crude -- and a prohibition against exporting oil-related equipment to Syria.
 
"There is a political agreement that's unlikely to unravel on the oil embargo and on new criteria for entities and persons affected by EU asset freezes," said one EU diplomat.
 
"It basically allows us to target anybody," the diplomat said, speaking on condition of anonymity.
 
The bloc has not yet decided which companies and individuals to add to its existing list of Syrian entities subject to EU sanctions such as asset freezes and visa bans, diplomats said.
 
EU governments wanted to expand the criteria used when imposing sanctions to include companies that support Assad's government or benefit from its actions. Until now, the EU has banned only companies directly involved in repression of anti-government demonstrators.
 
In its latest round of sanctions, the EU this week imposed asset freezes and visa bans on 15 Syrian individuals, including senior military intelligence and police officials, and on five institutions, including military and air force intelligence agencies.
 
Weighing options
 
EU governments have pushed to increase pressure against Assad as violence against anti-government protesters continues in Syria, but new moves could fall short of punitive measures agreed by the United States.
 
Underlying deep policy differences that mar Europe's ability to move quickly in the foreign policy arena, several of the EU's 27 member governments have been reluctant so far to target Syria's oil industry because of concerns this could damage their commercial interests.
 
Others have argued that cutting off EU funds would only open way for more investment from elsewhere, for example Russia and China, blunting the impact of sanctions.
 
Discussions on an investment ban are expected to continue next week, and could extend to an informal meeting of EU foreign ministers in Poland, set for Friday and Saturday.
 
Syria produces about 400,000 barrels of oil a day, exporting about 150,000 bpd, most of which goes to Europe, particularly the Netherlands, Italy, France and Spain. Major European firms are heavily invested in Syrian industry.
 
In New York, a U.S. and European push to impose U.N. Security Council sanctions on Syria is meeting resistance from Russia and China, U.N. diplomats said.
 
The United States, Britain, France, Germany and Portugal circulated a draft resolution calling for sanctions against Assad, influential members of his family and close associates. Western diplomats said Russia and China were refusing to discuss the draft.
 
Meanwhile Syrian troops killed three protesters after Friday prayers, activists said, adding to a bodycount of more than 2,200, according to the United Nations.
 

 

 

Date created : 2011-08-26

  • SYRIA

    EU considers oil embargo over Syrian crackdown

    Read more

  • SYRIA

    UN rights body launches inquiry into Syrian violence

    Read more

  • SYRIA

    Arab nations press Syria at UN

    Read more

Comments

COMMENT(S)