U.S. tightens sanctions on Syria
WASHINGTON – The Obama administration added new sanctions on a Syrian bank Wednesday as a top White House official said the U.S. wants to economically throttle the regime of Syrian President Bashar Assad.
The Treasury Department said the Syria International Islamic Bank has been acting as a front for other Syrian financial institutions seeking to circumvent sanctions. The new penalties will prohibit the SIIB from engaging in financial transactions in the U.S. and will freeze any assets under U.S. jurisdiction.
The United States will host other nations in Washington next week to look at ways to tighten international sanctions further.