The US on Tuesday imposed new sanctions on Syria for the first time since the country was brought back into the Arab League as part of a normalization push between Damascus and regional governments.
According to the Treasury Department, the US sanctioned two Syrian money service businesses that are accused of helping the government of Syrian President Bashar al-Assad maintain access to the global financial system. The companies are also accused of aiding Hezbollah and Iran’s Islamic Revolutionary Guard Corps.
The businesses were targeted using the Caesar Act, a law the US has used to impose sanctions on Syria that are specifically designed to prevent the country’s reconstruction. The House voted overwhelmingly to maintain Caesar Act sanctions on Syria following a devastating earthquake that killed thousands of Syrians in February.
Hawks in Congress are infuriated by Syria’s readmission into the Arab League, which was spearheaded by Saudi Arabia despite US opposition. A bipartisan group of lawmakers in the House introduced a piece of legislation that aims to combat Syria’s normalization in the region by expanding sanctions.
Because they are designed to prevent Syria’s reconstruction, US sanctions on the country have had a devastating impact on the civilian population. On top of the economic campaign against the country, the US continues to occupy eastern Syria and controls most of its oil resources.
The US needs to get its a– back home and stay home. We cannot be the world’s baby sitter (and dictator. at the same time)…
They are just pushing BRICS into a competing basket of currencies to compete with the dollar and as a means to get around sanctions.
It would be welcomed by many nations that are scrambling to obtain dollars.
Egypt for instance is obtaining scarce dollars by requiring cruise ships to purchase everything from fuel to services in dollars instead of their own currency. A BRICS buck would provide them with a alternative to such doings to obtain dollars for their economy to function.
An interesting article from the New York Times, reprinted by Scheerpost: https://scheerpost.com/2023/05/19/ny-times-is-wrong-on-dedollarization-economist-michael-hudson-debunks-paul-krugmans-dollar-defense/
Paul Krugman and his predictions are low hanging friut.
That clown is a running joke among real economists. The guy will write a column or say something stupid and academics line up to make fun of him.
Isn’t Syria free to join the Arab League?
Or does sovereignty only apply to white Ukraine?
Sanctioning Syria for joining Arab League would backfire and further isolates US and its currency as the members of the League would trade in their own currency…!
Shouldn’t the U.S. be putting sanctions on the Arab League for readmitting Syria?
They would love to but they can’t because that will result in serious damage for US economy.
Uncle Shame is a coward and rapist who only go after the weak.
Right you are!
And, Israel attacks Damascus. Again.
Revelation 13:17
“And no one could buy or sell anything without that mark, which was either the name of the beast or the number representing his name.”
Good article that lays out the realities that the U.S. and other Western nations keep ignoring as they desperately want to believe that nothing has changed and the U.S. still runs the world. https://www.lewrockwell.com/2023/05/no_author/864229-2/
When will the ignorant masses realize that economic sanctions almost ever work?
a) they usually hurt the poor people the most.
b) they give the sanctioned leadership an excuse to cover up their own incompetence.
‘It’s not our fault the country sucks. It’s the US embargo that is to blame.’
And the stupid masses – being stupid – fall for it.
The US has tried this on Cuba for generations.
Hasn’t accomplished excrement except help to lower the standard of living for the average Cuban.
And allow communism to remain in charge. Which was the EXACT opposite of the point of the embargo.