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FBN's Peter Barnes on the Treasury prohibiting U.S. firms from doing business with Syrian Bank.
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-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Well hydrates in the US turning up the heat on Syria imposing sanctions on another Syrian bank -- accused the Syrian international Islamic bank.
Up funneling nearly a 150 million dollars in transactions.
-- the commercial bank of Syria and its Lebanese subsidiary.
To evade western financial sanctions the US joined by countries in the European Union and the Arab League.
Sanctioned those two other banks last year.
So essentially this international Islamic bank was acting as a front for a to.
Already designated banks.
The US assets of the Syrian international Islamic bank will now be frozen and US firms and individuals are now prohibited from doing business with that bank like the two other Syrian banks on the sanctions list.
Treasury's actions is -- -- action today.
Is designed -- tightening economic pressure on the inside government after the weekend massacre of more than a hundred people in the town of -- treasury is working with the EU and the Arab League and with other countries to join it in sanctioning this third Syrian bank can actually -- back -- -- Peter finds out that works thanks Peter I.
