Tuesday, April 17, 2012

WORLD_ Syria regime finances 'halved by sanctions’

Syria regime finances 'halved by sanctions’

Alain Juppe, France’s foreign minister, says an array of international sanctions targeting Syria’s repressive regime have depleted its financial reserves by half – and Damascus is actively trying to evade them.


French Foreign Minister Alain Juppe Photo: AFP

3:31PM BST 17 Apr 2012

Alain Juppe called on Tuesday for a solid international response to such “manoeuvres” as he opened a Paris meeting of 57 countries to tighten sanctions against President Bashar al-Assad.

The actual size of Syria’s financial reserves isn’t known, but it was believed to be around $17 billion (£11bn) at the start of the uprising in March 2011. Juppe did not specify how much of Syria’s finances were impacted by sanctions, but said “our information” is that they have been cut in half.

Diplomats and finance ministry officials from the Arab world, the West and elsewhere were meeting in Paris to coordinate sanction measures against Assad’s repressive regime.

The Arab League and the European Union are among more than 50 participants who want to keep up pressure on Assad.

Juppe was set to kick off Tuesday’s closed-door talks in Paris under the “Friends of Syria” banner. But two Arab League nations – Syrian neighbours Iraq and Lebanon – were not attending.


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Diplomats say a string of EU, US and other sanctions are affecting Assad by curbing Syria’s ability to export oil.

Speaking at a separate meeting in Moscow, Syrian opposition members say they have sensed a shift in Russia’s stance on the conflict in their homeland and voiced hope on Tuesday that Moscow will crank up pressure on Assad’s regime.

On a visit to Moscow, Haytham Manna, spokesman for the Arab Commission for Human Rights, said Russia has voiced support for democratic changes in Syria and believes the Syrians themselves should determine the country’s future.

“The representatives of the Russian government aren’t inclined to support the idea of preservation of the dictatorial regime,” Manna told a news conference. “They are talking about the need for continuing democratic changes, and it’s very important for us.”

Abdul-Aziz al-Kheir, a spokesman for the National Coordination Body for Democratic Change in Syria, said Russia’s position has been changing over the past two months and “particularly fast over the past two weeks.”

Members of the Syrian opposition said they hoped Russia will apply its power to persuade Assad to observe UN and Arab league envoy Kofi Annan’s ceasefire plan to end 13 months of violence in Syria.

“Russia has all the necessary levers to apply pressure on Assad’s government and help Annan’s mission,” Manna said.

Hassan Abdul-Azim, the head of the National Coordination Body for Democratic Change who is leading the delegation, said Moscow’s support is essential for the success of Annan’s mission.

“That is the last chance to end the fratricidal massacre and create preconditions for the transfer to a democratic form of government,” he said.

Manna said that while the opposition was encouraged by the talks in Moscow, differences remain. Russia continues to be strongly critical of Assad opponents using force, Manna said, while the opposition views it as a legitimate response to the violence on the part of the regime.

He said that the opposition delegation also sought to assuage Russia’s concerns about the rise of Islamism in Syria and prospects of continuing violence in the country in case of regime change.

The opposition delegation is expected to meet with Russian Foreign Minister Sergey Lavrov later on Tuesday.

Lavrov has recently criticised Assad for dragging his feet on reforms and using excessive force. He and other Russian officials have strongly urged their old ally to observe Annan’s plan.

Russia, along with China, has twice shielded Assad’s regime from U.N. sanctions over its deadly crackdown on a popular uprising. But Moscow has strongly supported Annan’s ceasefire plan to end 13 months of violence and begin talks on Syria’s political future.

Source: AP



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