Hilbroy Advisory Inc: Arab League Agrees on Sanctions against Syria: by Jean-Francois Amyot
Montreal, 28 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – Arab foreign ministers agreed on a list of sweeping sanctions, yesterday in Cairo, designed to cripple the Syrian regime of President Bashar al-Assad who has defied pressure to halt a bloody crackdown on protests
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The 22-member Arab League agreed to ban Syrian officials from visiting any Arab country, to freeze government assets, suspend flights and halt any transactions with the Syrian government and central bank; Jean-Francois Amyot. The sanctions, announced by Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani after a meeting in Cairo, are the first time the organisation has taken such economic measures against another country in the region.
Long seen as a weak institution dominated by the region's autocrats, the Arab League has taken on an increasingly activist role during the pro-democracy Arab Spring demonstrations of the past 12 months. Nineteen of the Arab League's 22 members voted for the sanctions, but Iraq abstained and said it would refuse to implement them, while Lebanon "disassociated itself," Sheikh Hamad said.
Iraqi Foreign Minister Hoshyar Zebari, whose country has close economic ties with Syria and a large refugee community in its western neighbour, had said beforehand that it was "not possible" to impose sanctions on Assad's regime. Even without Iraq's participation, the impact is expected to be crippling on a country already facing a raft of EU and US sanctions, and which depends on its Arab neighbours for half of its exports and a quarter of its imports.
Bahrain and Qatar on Sunday called on their citizens to leave Syria, after the United Arab Emirates also advised its citizens earlier in the week to stay away.
Iraq also abstained from a vote earlier this month that saw the Arab League decide to suspend Syria's membership and threaten sanctions, while Lebanon joined Yemen and Syria itself in opposing the resolution.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
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