04 September, 2011

Russia criticises EU ban on Syria oil - Middle East - Al Jazeera English

Russia criticises EU ban on Syria oil - Middle East - Al Jazeera English: "The EU on Friday adopted a ban on oil imports from Syria to take effect on Saturday, depriving President Bashar al-Assad's government of a vital source of income. The country gets about 28 per cent of its revenue from the oil trade and sells fuel to France, Germany, Italy and the Netherlands.
The EU also extended its sanctions to four businessmen and three Syrian companies, meaning that member states will be banned from doing business with the named companies - Real Estate Bank, Mada Transport and Cham Investment Group."

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