Two weeks after Secretary Clinton called on countries to step up restrictions on oil imports from Syria, the EU has adopted a ban on crude oil imports. The ban covers the purchase, import and transport of all Syrian oil products and is predicted to cost the regime millions of pounds each day.
Oil accounts for roughly 25% of Syria's income and the EU is the recipient of 95% of its oil exports. Unified international pressure is still unlikely however as Russia, a permanent member of the UN Security Council continues to say it will veto any action by the UNSC.
The UK reportedly had concerns about the sanctions negative effect on the local population. The Syrian economy is in dire straits, a situation which will only be heightened by the sanctions.
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