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Mon, 11 Nov 2019 20:31 GMT

US Sanctions Syrian Businessman, Iranian Oil Importer: Treasury


7Dnews London

Tue, 11 Jun 2019 18:34 GMT

A Syrian businessman with close ties to Syrian president Bashar al-Assad has been sanctioned by the US on Tuesday, June 11th, Reuters reported.

Samer Foz, who Washington accuses of gaining millions from developing lands captured from people who fled the civil war, will face sanctions, along with his siblings Amer and Husen, and the family-owned Aman Holding, a company run by the Foz family from the coastal city of Latakia, according to the US Department of the Treasury today.

Foz-owned ASM International General Trading and its affiliates throughout the Middle East were also included in the sanctions. ASM is involved in grain and sugar trade, and oil field operations.

"Samer Foz, his relatives, and his business empire have leveraged the atrocities of the Syrian conflict into a profit-generating enterprise," Sigal Mandelker, undersecretary for terrorism and financial intelligence, said in a statement.

Synergy SAL and BS Company, which have imported tens of thousands of metric tons of Iranian oil into Syria, will face sanctions also, the US Treasury said.

Middle East US & Canada