Middle East Economic Survey

VOL. LIV

No 43

24-Oct-2011

syria

EU Sanctions Commercial Bank Of Syria

The Council of the European Union (EU) on 13 October adopted a new regulation which adds the state-owned Commercial Bank of Syria (CBS) to its list of entities sanctioned in protest against repression and human rights violations. The new Regulation 1011/2011, which amends Regulation 442/2011, imposes an asset freeze on the CBS together with three individuals who are said to financially support...