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East-West Debt may 2005 news, update : SYRIAapril-may 2005 EW Debt news [PDF]


Economic sanctions on Syria

In sharp contrast to Libya, America in 2004 this year imposed economic sanctions on Syria, after long accusing the Arab state of supporting and failing to stop militants entering Iraq and threatens to sharpen them after the assassination of former Lebanese Prime Minister Hariri early February of which Syria is suspected to be involved.
President Bush ordered a freeze on certain Syrian assets in the US and a halt to all American exports apart from humanitarian items.
Syria has denied wrongdoing and says sanctions will only harm US interests.
It remains to be seen what influence the sanctions will have on the already limited position of Syria in the international financial markets.


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