EU to impose oil embargo on Syria

International Energy Network News: Holland's Foreign Minister Rosenthal said on September 1 that the European Commission has reached an agreement on Syria’s oil embargo sanctions in principle and will implement sanctions on the 2nd. (Securities Times Online Alert Center)

It is reported that the sanctions include not only the ban on the import of Syrian crude oil and petroleum products, but also sanctions against the Syrian oil export-related ** and insurance. The EU hopes that sanctions will limit the sources of funds for Syrian authorities.