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Friday, May 24, 2013
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EU imposes fresh sanctions on Syria

25/06/2012 07:14 (333 Day 02:22 minutes ago)

The FINANCIAL -- The European Union imposed fresh sanctions on President Bashar al-Assad's regime Monday, targeting six government ministries as well as a bank and television comapny.

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A statement said this 16th round of sanctions agreed by the bloc's foreign ministers since the represssion of anti-Assad protests began in March 2011, brings to 129 people and 49 entities the total on an EU blacklist.

"As long as the repression continues, the EU will continue imposing sanctions against the regime," said EU foreign policy chief Catherine Ashton.

According to EUbusiness, no details were immediately available on the identity of those blacklisted, but several EU diplomats said on condition of anonymity that assets held in Europe by Syria's defence and home affairs ministries were targeted.

Also on the list were a bank, a television firm, an oil transport company and a security office of the Baath party, sources said.

Monday's sanctions also included a specific ban on insuring items embargoed for delivery to Syria, including arms shipments.

The measure follows an incident some days ago involving a British-insured Russian cargo ship carrying attack helicopters for Syria.

The United States alerted Britain to the consignment and British security services told insurers Standard Club that providing insurance for the shipment would breach EU sanctions, reports said.

Standard Club then cancelled insurance for the ship as well as others in the fleet owned by Russian cargo line Femco, forcing the vessel to head home.

 

 

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Politics
“The ECA’s role of external auditor of the EU is more important than ever in its 35-year history”

09/05/2013 06:55 (15 Day 02:41 minutes ago)

The FINANCIAL -- Luxembourg Prime Minister Juncker, Minister of State Perry representing the Irish Presidency of the Council, and ECA President Caldeira, spoke today - the eve of Europe Day - at the inauguration of the ECA’s new building, about the challenges facing the European Union and the role of the European Court of Auditors .

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