EU Council Reinforces Sanctions against Syria
March 8, 2012
On February 27, 2012, the EU Council of Ministers adopted Council Decision 2012/122/CFSP freezing the assets of the Central Bank of Syria and prohibiting trading in precious metals and diamonds with the Government of Syria and related persons. This decision is the latest of a series of recent measures tightening the EU’s economic sanctions against Syria. Other recent measures include Council Decision 2011/782/CFSP and Council Implementing Decision 2012/37/CFSP, which consolidated prior measures and introduced new restrictions on trade in oil, petroleum equipment and certain telecommunications equipment, participation in electricity infrastructure projects and the provision of financial services.