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Oil tanks near the Syria-Iraq border decorated with pictures of past and present Syrian leaders (Photo: Richard Messenger)

EU oil ban to cost Assad €9 million a day

EU countries have adopted a blanket ban on import of oil products from Syria, in a move set to cost the regime almost €9 million per day.

The package of sanctions - which also includes blacklisting four more Syrian officials and three companies - will legally enter into force on Saturday (3 September). But the oil ban is post-dated to take effect from 15 November after Italy said most EU firms have pre-paid Syria for contracts up to 30 November.

EU countries - chiefly France, Ger...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Oil tanks near the Syria-Iraq border decorated with pictures of past and present Syrian leaders (Photo: Richard Messenger)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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