SYRIA

Western Sanctions Cost Syria $2Bn Since September

US and EU sanctions on Syrian oil exports since the beginning of September 2011 have cost the county an estimated $2bn, Syrian Minister of Petroleum and Mineral Resources Sufian 'Alaw announced in a press conference on 20 January. The minister added that these sanctions, which ban dealings with Syrian oil companies, were “harsh and illegal.” They are intended to inflict maximum hardships on the Syrian people by...