Analysis - Arab sanctions close net around Syrian trade finance
 

01-12-11 05:24 PM

AMMAN (Reuters) - Arab League economic sanctions against Damascus will jeopardise several billion dollars worth of Syrian trade finance carried out through Arab banks in the region, according to bankers. They said Commercial Bank, Syria's largest state-owned bank which handles most public sector contracts, has relied increasingly on Lebanon's banking sector, as well as Jordanian and Gulf banks ...

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