Finance Ministry to offer eight T-bill, bond tenders worth EGP 190bn this week    US forces capture Maduro in "Midnight Hammer" raid; Trump pledges US governance of Venezuela    Gold slips at start of 2026 as thin liquidity triggers profit-taking: Gold Bullion    ETA begins receiving 2025 tax returns, announces expanded support measures    Port Said health facilities record 362,662 medical services throughout 2025    Madbouly inspects Luxor healthcare facilities as Universal Insurance expands in Upper Egypt    Nuclear shields and new recruits: France braces for a Europe without Washington    Cairo conducts intensive contacts to halt Yemen fighting as government forces seize key port    Gold prices in Egypt end 2025's final session lower    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    Egyptian pound edges lower against dollar in Wednesday's early trade    Oil to end 2025 with sharp losses    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt to cover private healthcare costs under universal insurance scheme, says PM at New Giza University Hospital opening    Egypt completes restoration of 43 historical agreements, 13 maps for Foreign Ministry archive    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU agrees oil embargo as Syrians march against Assad
Published in Daily News Egypt on 02 - 09 - 2011

AMMAN: The European Union decided to impose sanctions on Syrian oil exports on Friday, piling more pressure on President Bashar Al-Assad, whose security forces, activists said, shot dead six more protesters.
"The sanctions have been agreed," an official said in the Polish resort of Sopot where EU foreign ministers met to set out their response to Assad's military crackdown on five months of protests against his 11-year rule.
"President Assad is carrying out massacres in his own country," Polish Foreign Minister Radoslaw Sikorski said. "The whole international community is urging him to relinquish power."
As the EU tightened the economic screw on Assad, demonstrations broke out in several parts of Syria, mainly in rural regions because of a heavy army presence in urban areas, activists and residents said.
They reported that at least six protesters were killed when security forces fired on crowds in the Damascus suburbs of Irbin and Hamouriya, the eastern tribal province of Deir Al-Zor and in rural areas of Homs province.
Syria's official SANA news agency said several members of the security forces were wounded when their bases in Irbin and Hamouriya came under attack.
Syria has expelled most foreign media, making it difficult to verify accounts of the unrest in which one prominent Syria rights group says nearly 2,000 civilians, as well as 463 soldiers and police, have been killed.
"Death rather than humiliation!" chanted protesters in the village of Kfar Zita in Hama province, according to a YouTube video released by residents.
"Oh mother, Bashar is in his last days," chanted a crowd in the town of Kfar Nubbul in northern Idlib province, carrying a banner that compared the modest international response to Syria's uprising compared to interventions in major oil states.
"We don't have oil like Iraq or Libya, don't we deserve to live?" it said.
The EU has already banned Europeans from doing business with dozens of Syrian officials, government institutions and military-linked firms it says are tied to the violent repression of the protests.
Four people and three entities were added to that sanctions list on Friday, the EU official said.
Friday's steps are the first time the EU will target Syrian industry but analysts say the sanctions, which do not go as far as the investment ban imposed by the United States last month, may have only a limited impact on Assad's access to funds.
While EU sanctions will disrupt a major source of foreign currency for Syria, most of whose oil exports go to Europe, Damascus should be able to find new markets in Asia for its crude, even if it has to offer discounts and may take time to agree contracts.
"They have enough foreign reserves in the bank to support them (while) they look for alternative buyers," said Julien Barnes-Dacey, Middle East analyst at Control Risks in London.
"But it does point to the significant challenges that they face. The regime is finding itself increasingly encircled regionally and internationally."
France seeks UN resolution
France said it was pushing for a UN Security Council resolution that sets up United Nations sanctions against Syria — something which veto-wielding council members Russia and China have so far resisted.
US Secretary of State Hillary Clinton urged European and other countries on Thursday to impose more sanctions on Assad's government, saying more pressure was needed to make him quit.
No Middle Eastern country has followed the US and EU lead in calling for Assad to stand aside, and British Prime Minister David Cameron said on Friday that Arab nations were less willing to act than they were in the case of Libya.
But he said that during conversations with Arab leaders at a meeting in France to discuss Libya after Muammar Qaddafi's fall, he detected a hardening line against Assad.
"I think they are toughening their stance because they realize that what he is doing is appalling," Cameron told the British Broadcasting Corporation.
"They realize that he had his chance to demonstrate he was in favor of reform and he has completely failed to do that."
Assad, 45, inherited power from his father and retains the loyalty of the core of his armed forces, whose commanders are mostly from his own Alawite minority.
Last month he sent the army into several cities to crush dissent. The Syrian Observatory for Human Rights said 473 people were killed, 360 civilians and 113 from the security forces.
Despite the repression, demonstrators have been encouraged by Qaddafi's fall and the rising international pressure on Syria, including Friday's EU sanctions. –Additional reporting by David Brunnstrom in Sopot, Poland, Stefano Ambrogi in London, John Irish and Andrew Quinn in Paris, Suleiman Al-Khalidi in Amman


Clic here to read the story from its source.