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RPT-US sanctions Syrian bank to tighten economic pressure
May 30, 2012 / 1:47 PM / 5 years ago

RPT-US sanctions Syrian bank to tighten economic pressure

(Repeating to link to news alerts)

WASHINGTON, May 30 (Reuters) - The U.S. Treasury on Wednesday designated Syria International Islamic Bank under anti-weapons proliferation laws, freezing its assets in the United States and prohibiting U.S. firms and individuals from doing business with it.

The action is aimed at tightening economic pressure on the regime of President Bashar al-Assad, Treasury Undersecretary David Cohen said in a statement. Assad is trying to crush a 14-month-old uprising against his rule which began with peaceful protests but has developed into an armed insurgency. (Reporting By Mark Felsenthal; Editing by Neil Stempleman)

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