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Syria devalues currency as new US sanctions hit

Syria's central bank devalued the Syrian pound Wednesday giving in to weeks of depreciation on the black market as new US sanctions took effect. The central bank raised the official exchange rate from 704 to 1,256 Syrian pounds to the dollar, in a statement published on its social media...

New US sanctions aim to 'starve' Syria, Lebanon: Hezbollah

New US sanctions against the Syrian government aim to "starve" the country and its neighbour Lebanon, the head of the Lebanese movement Hezbollah said Tuesday. "The Caesar Act aims to starve Lebanon just as it aims to starve Syria," Hassan Nasrallah said in a televised speech. "Syria...

US vows to prevent Assad victory on eve of sanctions

The United States on Tuesday warned Syrian President Bashar al-Assad that he will never secure a full victory and must reach a political compromise, on the eve of stinging new sanctions. The war-torn nation has seen an intensifying economic crisis and on Wednesday the Caesar Act takes...