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U.S. tightens the economic noose on Assad regime

(Zaman Al Wasl)- The U.S. is trying to avoid tension with Russia over Bashar al-Assad but it has adopted two ways to tighten noose on the Syrian dictator and his regime.

The first way of dealing with the regime is to prevent the regime from getting U.S. Dollar through private and business transfers, and therefore not being able to use it to buy energy and other necessary supplies after the big energy decrease witnessed in Syria, from electricity, gas and gasoline. 

According to the sources, the second way is to pressure Jordan and Iraq to prevent them from supplying any fuel to the regime, even if there were previous signed contracts, as happened in Iraq. 

This is burden the Assad regime, especially because Iran’s credit line, which was supporting the regime with oil, stopped.

A pro-Assad news site said that the current situation in Syria needs at least 4.5 million liters of gasoline, 6 million litres of diesel, 7000 tons of fuel and 1200 tons of gas.

So the regime needs a daily financial bill estimated at 4 billion S.P (8 million$).

The first way is related to the ‘Caesar’ law, which was approved by the US House, and although President Donald Trump to be signed within days. 

Although the US request the Lebanese Central to refrain passing money transfers to Syria in foreign currencies, especially the dollar, Which deprived the Assad regime of about $ 90 million a month,  from Lebanon.

The amount was technically replaced by the Assad's regime.

The U.S. dollar was up to 515 pounds - rises and falls according to the demand -, but now the amounts converted in Syrian currency or Lebanese, and received the same currency to Syria.

It is a major blow to the regime if the U.S. forced the rest of the countries to transfer the money in this way, which will lead to a large deficit foreign exchange, especially as the transfers of Syrians abroad is very huge, all in Euro and dollar. 

By Al-Hussain Al-Shaishakli

Zaman Al Wasl
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