A European court issues two rulings in absentia against the Syrian regime

ARK News… The European Court of Justice approved two absentee rulings against the Syrian regime, due to two lawsuits filed by the European Investment Bank (EIB) to collect loans that have been unpaid for decades, requiring it to pay about 30 million euros.

The two rulings come after the end of the period granted to the Syrian regime’s government to defend the cases filed against it before the European Court.

Under the first ruling, which was delivered to Luxembourg on October 18, the government of the Syrian regime is obligated to pay an amount of 28.77 million euros to the European Union, represented by the European Investment Bank, which represents the principal amounts, contractual interests and defaults due on June 30, 2022. This is in accordance with the loan agreement concluded in 2001 regarding the project to strengthen the electricity distribution network in Syria.

The second ruling, also by the European Investment Bank, is that the Syrian regime has not paid the installments required to finance the water supply project in the Suwayda Governorate in southern Syria.

The court’s decision obligates the regime’s government to pay an amount equivalent to 652 thousand euros, representing the remaining installments and interest resulting from the delay in payment, to the European Union, in its capacity as a representative of the European Investment Bank, according to the loan agreement concluded in 1986 regarding financing the water supply project in Suwayda.

The total amount that the Syrian regime must pay to the European Union according to the decision of the European Court of Justice is 29.4 million euros.

435