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Syria: European Union Reportedly Considers Oil Embargo

Syria European Union Oil Embargo

SLOBODAN LEKIC   08/19/11 02:50 PM ET   AP

BRUSSELS — The European Union is planning to slap sweeping new economic sanctions against Syria, including an embargo on oil imports, a senior official said Friday.

A foreign policy committee has proposed adding 15 more Syrian officials and five companies to the existing sanctions list, the official said on condition of anonymity because of the sensitivity of the matter.

An EU oil embargo would bring the 27-nation bloc in line with the latest U.S. moves to isolate the regime of President Bashar Assad, including a ban on the import of Syrian petroleum or related products.

Human rights groups claim Assad's forces have killed nearly 2,000 people since mid-March. The EU has already imposed travel bans and asset freezes against 35 Syrian government officials and military and police commanders, including Assad himself.

The official said that in the future, the EU would broaden the definition of people covered by its sanctions, who have so far included only individuals involved in the repression. But a new definition would also include those benefiting from the regime's actions, a much broader definition than at present.

In addition to a ban on imports of Syrian oil, a further measure would be the withdrawal of all technical assistance for various projects in Syria by the European Investment Bank.

"All this will be proposed next week by the EU Council and we hope to adopt it very quickly," the official said.

In the past, the EU has been reluctant to restrict Syrian oil and gas exports for fear that shortages might hit the Syrian public and small businesses.

Some EU nations have been lobbying for other sectors to be added to the sanctions regime, including telecommunications and banking.

In coordinated statements on Thursday, President Barack Obama and the leaders of Britain, France, Germany, Canada and the EU all called for Assad to resign, saying his repression of demonstrations inspired by this spring's Arab uprisings made him unfit to lead.

The calls were the first explicit demands for Assad to step down.

But on Friday, Russia's Foreign Ministry cautioned the West against encouraging the Syrian opposition and said it did not support Western calls for Assad to resign.

Ministry spokesman Alexander Lukashevich said Russia believes Assad must be given sufficient time to fulfill promises of reform as he has already made "some significant steps" – including lifting the state of emergency and issuing a decree allowing peaceful demonstrations.

"Our deep belief is that radical forces that are stirring up tensions in Syria mustn't be encouraged from the outside," Lukashevich said.

Russia's opposition will make it difficult for the U.S. and its European allies to get U.N. Security Council backing for their sanctions regime. Russian diplomats have said Moscow fears that any resolution condemning Syria could result in an all-out Western military attack on Syria similar to the bombing campaign against Libya, now in its sixth month.

___

Vladimir Isachenkov in Moscow contributed to this report.

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BRUSSELS — The European Union is planning to slap sweeping new economic sanctions against Syria, including an embargo on oil imports, a senior official said Friday. A foreign policy committee h...
BRUSSELS — The European Union is planning to slap sweeping new economic sanctions against Syria, including an embargo on oil imports, a senior official said Friday. A foreign policy committee h...
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01:01 PM on 08/20/2011
There are some important points to be made on why such sanctions may or may not matter.

According to one senior administration official on Thursday, "Approximately 90 percent of Syria's oil exports goes to the EU. So action taken by the EU or by EU member states to cut off the import of Syria oil will significantly enhance the pressure on the Syrian regime."

When asked about the effectiveness of such energy sanctions, Mark Parris, former US ambassador to Turkey and non-resident senior fellow at the Brookings Institution, told The Diplomat in an article on Friday that he believes that they will introduce short-term economic disruption as Syria seeks to revamp its export regime, line up new buyers, finalize financial terms, and start shipping Syrian-origin petroleum or petroleum products. This could put additional economic pressure on a regime already under significant political and social pressure.

However, Islam Qasem argued in The Guardian yesterday that U.S. / E.U. sanctions may not be enough: "Still, a western-imposed oil and gas sanction capable of impacting on Assad's regime is not certain to succeed. It hinges on conditions that may well be beyond the reach of western countries. To begin with, non-western countries, especially China and India, hungry for energy and with refineries to process heavy oil, are more than likely to increase their share of Syrian oil."
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Sam Huston
Fair, Balanced and Informed
06:50 AM on 08/20/2011
Go for it, the world price of oil isn't high enough to sustain the unsustainable treasury draining green “energy” projects that the progressives favour over economic stability.

We also need to ensure that we transfer an ever greater portion of Western wealth to OPEC in the interest of fairness.
12:22 AM on 08/20/2011
It's a symbolic gesture out of desperation. Foreign funded conspiracy failed and Assad stays on :). Syria doesn't depend on EU or US for anything. They can get what they need from China that will gladly buy Syrian oil.
mayanindependentspeak
Until now, I've never lived this long before
09:51 PM on 08/19/2011
First of all, everything that the US and the EU are proposing or implementing will quickly be neutered by Russia and China. Those two countries will fill any void left by the US and the EU.

Second, the events in Syria are the results civil unrest which may lead to civil war. In any event, this is a Syrian issue, not a US issue. The Syrian people are responsible for their own govt and their own fortunes, good or bad.

We have already gotten into the civil war in Libya, which was not our business. We have no business meddling in the internal affairs of Syria.
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Marc Schiele
The Weapon of Mass Instruction
07:23 PM on 08/19/2011
I asked a question several days ago, never really got any answers, even from our " super smart" moderators!! Who are we at war with in the Middle East?? Israel, Syria, Iraq, Iran, Afghanistan, Egypt??? Who are our enemies?? Who are our allies?? ANYONE?? This administration is giving me a head ache!! :(
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wom122
Primum non nocere
08:55 PM on 08/19/2011
We have to have enemies as to justify the Pentagon's inflated budget.
mayanindependentspeak
Until now, I've never lived this long before
09:42 PM on 08/19/2011
The Pentagon does not authorize its own budget, it only requests the money it receives. The Pentagon's budget is approved by Congress.

Many House and Senate members vote for sections of the Pentagon's budget that bring jobs and money into their districts or states.

Also, the Pentagon does not declare war or decide where military force will be used. The Pres and Congress do that.

So if you think you have a beef with the Pentagon's budget, you should really direct your anger toward the Congress and the Pres.
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Marc Schiele
The Weapon of Mass Instruction
07:13 PM on 08/19/2011
An EU oil embargo would bring the 27-nation bloc in line with the latest U.S. moves to isolate the regime of President Bashar Assad, including a ban on the import of Syrian petroleum or related products.

Yes, THAT will work. LOL Assad says to China- hey I have oil, just pay me in dollars- for NOW!! The Europians ALREADY pay 2 euros per liter of gas- THIS action REALLY helps them. LOL
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blbsmurf
07:20 PM on 08/19/2011
The oil mongers here will justify higher prices in the US because Europe has less. Welcome to the one world economy.
06:21 PM on 08/19/2011
Better Idea! Everyone should boycott alll North Seas Oil until England pulls all of it's troops out of everywhere they have them and ends any support to NATO.
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blbsmurf
07:26 PM on 08/19/2011
NATO was created to counter the communist threat of Russia. NATO is not needed now that the members have their own military. It was not meant to be an instrument to attack other countries, it was for defense.
05:55 PM on 08/19/2011
A real-life example of cutting off your nose to spite your face !!
05:26 PM on 08/19/2011
Bring gasoline back to $1.00 per gallon.
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soldier123
Ask not what your country can do for you but what
04:37 PM on 08/19/2011
I am suprised that the european countries are doing this. Most of the time the Eurpeans only think of themselfs. After the current government is over thrown the future government and mulsim people will always remain hateful to the europeans, Americans and Israel. It is in there blood to hate
03:51 PM on 08/19/2011
How much oil does Europe import from Syria ? That would have been a logical piece of information to be included in the sketchy article above.
06:12 PM on 08/19/2011
u no what if all unions did that u would be hit out of luck
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muck-raker
give me liberty or give me death
07:11 AM on 08/20/2011
2% of the oil that goes to Spain and Portugal which winds up RBOB gasoline is bought by USA
03:43 PM on 08/19/2011
Afrer five hundred and fifty years of brutal colonialization led first by Spain, Portugal, Britain, Holland and France with complicity by the bulk of European who accepted protectorates, in reality “natural and human resource commodities,” these nations are continuing their push to reclaim that which is not theirs. Unfortunately, the western “free market societies” built their societies and fortunes based on cheap resources and nobody being able to challenge their authority or military might. Today, similar to an era where, gold, silver, Spices, gold, silver, Sugar, tobacco and human slaves were freely sold. The industrial revolution required petroleum and minerals with petroleum bcoming thits life blood. Even warned of the perils linked to such a dependence, those elected continued at break neck speed in total disregard. Can the west really afford, to boycott Syrian oil? I doubt that China will pass it up. It is good, too, that Russia and China are offering a balance to the west’s military tactics in attempting to regain control of the Middle East, Africa and Asia for their natural resources. Really, it’s time our elected representatives took note that it’s high time to focus on getting our nations people back to work and the economy functioning properly. We have neither the time, solutions or money to solve the worlds problems.
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harkone75
It is never right to do wrong to do right
04:32 PM on 08/19/2011
Fanned
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nbart71
I have no sensibilities to offend.
03:34 PM on 08/19/2011
That would be a great idea if we had affordable, reliable electric cars and the oil industry wasn't so powerful. Put an embargo on all Middle Eastern oil and make them go back to weaving carpets.
03:43 PM on 08/19/2011
they have been working on producing electric cars for over 100 years. and they are still junk
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nbart71
I have no sensibilities to offend.
03:56 PM on 08/19/2011
You REALLY think they can't produce a good electric car? They can put a fully functioning computer in a phone. The oil industry won't let anybody produce a good electric car.
04:04 PM on 08/19/2011
chev volt is the car now only one end is made in USA.
03:31 PM on 08/19/2011
We should let Israel go after them.. Take them out along with that Iran military base and wipe them off the map once and foreall..
06:13 PM on 08/19/2011
go baby go
06:14 PM on 08/19/2011
can we do that with the illegals
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irwinrsteffy
03:29 PM on 08/19/2011
Neoconservatism’s tentacles reach farther and farther. This will only anger Syria’s new “big brother,” Russia