US Imposes Sanctions on Syrian Businessman with Ties to Assad

US Imposes Sanctions on Syrian Businessman with Ties to Assad

Jun 14 2019

ARK News: The United States on Tuesday slapped sanctions on Syrian businessman Samer Foz and his family, who have close ties to Bashar al-Assad and who Washington said have been involved in importing Iranian oil into Syria.

The sanctions were being placed on Foz, his siblings Amer and Husen, and the family-owned Aman Holding, a company run by the Foz family from the coastal city of Latakia, the US Department of the Treasury said.

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. He also said that Foz has made millions by developing properties on land seized from those who have fled the brutality of the Assad regime.

The US Treasury said it was also sanctioning Synergy SAL and BS Company, which have imported tens of thousands of metric tons of Iranian oil into Syria.

The US Treasury also slapped sanctions on the TV channel Lana and the Four Seasons Hotel in Damascus, which are directly managed by Foz. Under the sanctions, any of Foz's US assets will be frozen and any US transactions with him or his properties forbidden.

The European Union in January imposed sanctions on the majority of companies covered by US sanctions, most notably ASM International General Trading and its affiliates throughout the Middle East.
Source: Agencies

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