EU Partially Lifts Sanctions on Syria’s Oil Industry, Some Banks
Oil pumpjacks near al-Qahtaniyah, Syria.
Photographer: Delil Souleiman/AFP/Getty ImagesThis article is for subscribers only.
(Bloomberg) — The European Union has agreed to partially suspend several sanctions on Syria’s energy industry, including scrapping bans on importing crude from the country and on exporting technologies to the oil and gas industry.
The bloc announced on Monday that it would end restrictions on financing exploring or refining oil, and the construction of new power plants.