The European Union (EU) has decided, on Monday 17 February, to add eight prominent Syrian businessmen and two entities linked to them to the list of European sanctions imposed on the Syrian regime and its supporters.
The Council of the European Union revealed in a statement that eight prominent Syrian businessmen and two entities linked to those businessmen have been added to the sanctions list due to their activities in favour of the Syrian regime, in relation to real estate projects on lands confiscated from the displaced due to the conflict.
The statement pointed out that the sanctions list against Damascus now includes 277 people and 71 entities targeted by a travel ban and assets freeze.
The European Union sanctions against Syria include an oil embargo, restrictions on investment, and a freezing of the assets of the Syrian Central Bank in the EU, as well as export restrictions on equipment and technology that might be “used to suppress demonstrations”, in addition to equipment and technology for the monitoring or interception of internet or telephone communications.
Since 2011, the European Union has begun to impose sanctions on the Syrian regime, which are reviewed on an annual basis.