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 News Archive 2014






The U.S. Treasury Department sanctions
the Syrian government and a Russian bank
by Nathan'ette Burdine: May 13, 2014
 


The U.S. Treasury Department announced a round of sanctions
that will hit the Syrian government and Russia.

Last Thursday, the U.S. Treasury Department announced sanctions against six top Syrian officials, the Russian bank Tempbank, and
one of the bank’s executives, Mikhal Gagloev.

The sanctions come two weeks after reports of another round of chemical attacks in Syria, and Syrian President Bashar al-Assad’s refusal to agree to the Syrian Opposition’s request to hold off
the June elections until the Syrian conflict is resolved.

The U.S. and its Western allies have placed their support behind
the Syrian Opposition Coalition. And on the same day that the sanctions were announced, Secretary of State John Kerry held
a press conference with the Syrian Opposition Coalition leader, President Ahmad al-Jarba.

Secretary Kerry acknowledged the Syrian Opposition
Coalition’s foreign missions in the U.S. He also announced
that the U.S. will continue providing “non-lethal assistance”
to the Free Syrian Army.

Kerry is quoted in a press release as saying, “-the Syrian
Opposition Coalition that he [Jarba] has built, is an inclusive
and moderate institution committed to the Syrian people and
to the protection of all people, all minorities, all rights within
Syria. The Syrian Opposition Coalition has given voice to all
Syrians who have been oppressed by the regime for decades.”

The West has accused Russian President Vladimir Putin of
providing the Syrian government with economic and military
 support so that Assad regime can remain in power.

According to the Treasury Department, Tempbank has provided millions of dollars to Syrian President Bashar al-Assad’s regime.

The money that Tempbank has allegedly provided has been used
to fund the Central Bank of Syria and SYTROL, Syria’s state owned
oil marketing firm.

David S. Cohen, undersecretary for Terrorism and Financial Intelligence, was quoted in a press release as saying, “Today’s designation builds on Treasury’s ongoing efforts to apply economic pressure on the Syrian Government by choking off access to the international financial system. We are committed to deterring those who contribute to violence and instability in Syria, and will continue to aggressively target individuals and entities supporting the Assad regime.”




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