EU blacklists commercial bank of Syria

In reaction to the bloody clashes flaring up in Syria and the daily Syrian army attacks against the civilians there, and as per the sanctions the US and EU decided to impose on the Syrian regime, the European Union said Friday that it had added the Commercial Bank of Syria to its sanctions list freezing the assets of the bank. The EU published the name of the bank in its Official Journal today and said the bank is providing financial support to the regime. Nineteen Syrian state-run entities are currently on the EU blacklist. “In view of the gravity of the situation in Syria, an additional entity should be subject to the restrictive measures set with a view to preventing that entity from using funds or economic resources presently owned, held or controlled by it in order to provide financial support to the Syrian regime,” noted the EU.