This page has been archived and commenting is disabled.

Arab League Adopts Economic Blockade Sanctions Syria "Effective Immediately"

Tyler Durden's picture




 

In the off case that this weekend's Italian bailout rumor roundup does nothing to quell the ongoing European collapse, the status quo is already working in diversion Plan B. Enter the Arab Leage and the announcement that it has approved sanctions against Syria, including an asset freeze and an embargo on investments, effective immediately. And while the screenplay is for now a carbon copy replica of what happened in Libya, with the imposition of a "No Fly Zone" over Syria as reported previously as the most likely next step, what is unique is the response that will follow from not only Syria, but Iran (which followed in Russian footsteps and announced it would attack NATO member Turkey missiles if provoked) as well as Russia and China, all of which have made it clear that any unilateral, US/Europe-backed agression against Syria will not stand. BBC reports: "League foreign ministers adopted the unprecedented sanctions at a meeting in Cairo by a vote of 19 to three. The move came after Syria refused to allow 4,000 Arab League monitors into the country to assess the situation on the ground. Syria, one of the founder members of the Arab League, condemned the sanctions as a betrayal of Arab solidarity. Syrian Foreign Minister Walid al-Muallem accused the league of seeking to "internationalise" the conflict." We expect developments to move quickly at this point as the chaos in the developed world is hitting a fever pitch and the only logical outcome is some "localized" regional warfare here and there.

As for the blockade specifics, we turn again to the BBC:

Qatari Prime Minister and Foreign Minister Sheikh Hamad bin Jassim
al-Thani gave details of the sanctions to a news conference in Cairo.
They include:

  • Cutting off transactions with the Syrian central bank
  • Halting funding by Arab governments for projects in Syria
  • A ban on senior Syrian officials travelling to other Arab countries
  • A freeze on assets related to President Bashar al-Assad's government

The declaration also calls on Arab central banks to
monitor transfers to Syria, with the exception of remittances from
Syrians abroad.

 

Two of Syria's immediate neighbours, Iraq and Lebanon,
abstained from the vote. Iraq suggested an economic blockade would not
work in practice.

Naturally, every action has an equal and opposite reaction:

The Arab League move is being portrayed in Damascus as part of a
Western-inspired conspiracy to undermine the country because of its
traditional resistance to Israel, says the BBC's Jim Muir in
neighbouring Lebanon.

 

Syrian state television described the sanctions as "unprecedented measures aimed at the Syrian people".

The only question is whether the isolation that Syria is about to experience will be enough to prompt a government overthrow: that old "democratic" staple of enforced revolutions, which quite often work best when Made In Langley flip flops are already on the ground.

Damascus depends on its Arab neighbours for half of its exports and a
quarter of its imports, so the sanctions - supplemented by Syria's
northern neighbour Turkey - will step up the pressure and increase
Syria's sense of isolation.

 

On Saturday, Mr Muallem hit out at the group after it asked
the UN to contribute to the proposed observer mission, calling it an
invitation "for foreign intervention instead of a call to avoid one".

Below is a breakdown of which import and export countries are set to lose the most from this isolation. Furthermore, if Iraq is indeed serious about abstaining from Arab League embargos, we would not be surprised to see the country tear off from the organization and proceed to unilaterally trade with Syria: a move that will set the reagion on edge even more.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sun, 11/27/2011 - 13:11 | 1917726 BW
BW's picture

Oil is going up.

Sun, 11/27/2011 - 13:23 | 1917741 DormRoom
DormRoom's picture

It's worse  than that.  You have Western supported Sunnis about to strike a Russian supported Shia population.  This may inflame the middle east into a Shia/Sunni war.

 

And if the proxy Iran war escalates, we may witness the first continental EMP detonation over Europe.  Then we will literally go back to  the dark ages.

 

All this because of a  bunch of fucknut bankers.

Sun, 11/27/2011 - 13:44 | 1917858 trav7777
trav7777's picture

ah, the magic EMP...from whom?  Who the fuck is going to press the button, moron?

Sun, 11/27/2011 - 13:54 | 1917880 Ahmeexnal
Ahmeexnal's picture

Whomever does, he will be a true liberator.

The euro-oligarchy must be destroyed.

 

http://www.youtube.com/watch?v=zYiX_ekB6Ec

Sun, 11/27/2011 - 16:11 | 1918433 wanklord
wanklord's picture

The only plausible way by which Barry & Associates (including the Zionist warmongers) could justify a war against the Islamic Republic of Iran is by staging another false flag attack on continental United States: most likely a controlled nuclear explosion (dirty bomb) targeting a major urban concentration that may kill dozens of thousands of civilians.

This operation will be carried out by the CIA in partnership with Mossad and MI6 to subsequently be blamed on AlQaeda working in conjunction with elements of Iran’s IRGC and Pakistan’s ISI.

Besides that, Americans are a bunch of stupid animals easy to manipulate and subdue. The psychological impact of this event will elicit the brute and ignorant populace to demand a massive retaliation against the alleged perpetrators (explicitly Iran); the Obama administration will need the unconditional support of these mules in order to further their agenda.

Absent of this essential prerequisite (a false flag operation), President Soetoro will find virtually impossible persuading US Congress to issue a formal declaration of war.

Sun, 11/27/2011 - 16:32 | 1918511 TheFourthStooge-ing
TheFourthStooge-ing's picture

Wanklord copies and pastes this exact fucking comment wherever he thinks it's at least marginally relevant. That he doesn't bother to read any followups is indicated by his lack of corrections to errors that have been pointed out in his copy-and-paste boilerplate screed.

 

Sun, 11/27/2011 - 17:32 | 1918699 JoBob
JoBob's picture

Wanklord, You seem to be in a rut with your posting and logic.

Sun, 11/27/2011 - 14:04 | 1917921 DormRoom
DormRoom's picture

Russia or China will give Iran nukes, if shit gets real. 

 

Control of the strait of hormuz may be a step towards a Western debt jubilee, so BRICs cannot wage, or win total war, since they don't have enough oil reserves.

 

Sun, 11/27/2011 - 14:05 | 1917944 Haole
Haole's picture

"Russia or China will give Iran nukes..."

 

I submit they already have.

Sun, 11/27/2011 - 14:32 | 1918059 xcehn
xcehn's picture

I think he might mean they'll sell Iran already made ballistic missiles.

Sun, 11/27/2011 - 16:19 | 1918461 earleflorida
earleflorida's picture

n.korea via china

Sun, 11/27/2011 - 15:43 | 1918332 slewie the pi-rat
slewie the pi-rat's picture

mexico, too, probably

my point is:  who tf knows? 

so, i agree with you in that if everything is bullshit, why should "iran does not yet have nuclear weapons" be true? 

meanwhile, i would think that what the known nuclear powers are up to bears more scrutiny and alternative interpretations

Sun, 11/27/2011 - 16:21 | 1918470 earleflorida
earleflorida's picture

where does all the 'mex. drug money' go [?] - if you said into WF, and C,... you are correct

Sun, 11/27/2011 - 14:14 | 1917992 the iD
Sun, 11/27/2011 - 15:38 | 1918317 DutchR
DutchR's picture

Apparently the Moron family is extensive.

Sun, 11/27/2011 - 14:58 | 1918175 Weimar Ben Bernanke
Weimar Ben Bernanke's picture

Iran does not have the delivery system to fire a nuke or an emp.Russia will never give a muslim country nukes,Russia has its own muslim problem(Chechnya,Dagestan). Iran's nuclear program is for peaceful purposes not for a weapon. if it was for a weapon Russia would never allow it. Plus if iran fired an emp at Europe it will face a nuclear inferno from Israel and the US(there are nukes in Turkey). The Iranians are not that crazy.

Sun, 11/27/2011 - 16:47 | 1918573 ParaZite
ParaZite's picture

It's always Sunni in Phildephia. :D

So, can we have WW3 in time for Christmas?

Nothing says happy holidays like a nuclear genocide. 0_o

Sun, 11/27/2011 - 16:51 | 1918582 ParaZite
ParaZite's picture

Don't give me any Shiite over that post. It was lulz gold. :)

Sun, 11/27/2011 - 18:23 | 1918839 Maxter
Maxter's picture

I junked you because you are writing as if you were actualy on 4Chan.

Sun, 11/27/2011 - 17:50 | 1918759 GCT
GCT's picture

EMP bah over rated as all of our military hardware is EmP proofed and tested.  Watch out for those Neutron bombs though!

Sun, 11/27/2011 - 19:00 | 1918945 Tompooz
Tompooz's picture

@dormroom. "You have Western supported Sunnis about to strike a Russian supported Shia

population".

 

You got this wrong. The Syrian population is Sunni in majority. It is only the Asad regime that hails from the 'Alawite sect. However, the principles of the Ba'th party are secular.

On the ground the conflict looks much more like a fundamentalst (Saudi, Qatar) supported revolt against a secularist mafia.

Syria's alliance with Iran is strategic, not religious.

For the best background on the regime I recommend Nicolaos van Dam's "the struggle for power in Syria"

Sun, 11/27/2011 - 13:12 | 1917729 john39
john39's picture

this is not going to end well.

Sun, 11/27/2011 - 13:19 | 1917748 SilverRhino
SilverRhino's picture

Possible understatement of the year.

Sun, 11/27/2011 - 15:35 | 1918304 q99x2
q99x2's picture

If ZH and Scottrade remain accessable I do not care.

Sun, 11/27/2011 - 16:24 | 1918482 earleflorida
earleflorida's picture

who gives a fuck about scottrade,...

"ZeroHedge", rules! 

Sun, 11/27/2011 - 13:12 | 1917732 GeneMarchbanks
GeneMarchbanks's picture

BBC panic gauge = off the charts.

Sun, 11/27/2011 - 13:13 | 1917733 apberusdisvet
apberusdisvet's picture

It's truly amazing and mind-blowing that the MSM has somehow convinced the world that these are all "humanitarian" interventions.

The oxymoron of all oxymorons

 

Sun, 11/27/2011 - 14:20 | 1918009 CrazyCooter
CrazyCooter's picture

It is not if you read enough history, unfortunate as that may be.

Regards,

Cooter

Sun, 11/27/2011 - 15:39 | 1918320 q99x2
q99x2's picture

Humanitarian interventions paid for by reducing my 86 year old parents coverage of their perscription medications. Pretty sure how they will be voting next year.

Sun, 11/27/2011 - 13:16 | 1917735 Conrad Murray
Conrad Murray's picture

What makes the black gold flow? BLOOD BLOOD BLOOD!

Who's down with OPP? You down with OPP? No, this isn't a rap song. I'm talking about Obama's Peace Prize. Get down or lay down you wascally sand devils. O-BA-MA! O-BA-MA! O-BA-MA!

P.S. - every time you pay your taxes, you enable the murder of an innocent child. You will be judged. Allahu Akhbar.

Sun, 11/27/2011 - 13:15 | 1917739 SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

wash rinse repeat.....How do the sheep not see this?!

Sun, 11/27/2011 - 14:02 | 1917931 Lord Welligton
Lord Welligton's picture

To busy with OWS?

Sun, 11/27/2011 - 13:19 | 1917749 Iwanttoknow
Iwanttoknow's picture

Sunnis are run by agents of NWO.Fuck them.

Sun, 11/27/2011 - 13:21 | 1917757 SDRII
SDRII's picture

dont miss the A f r I c o m  alliance voting to send troops into somalia in yet a replay of the previous failed us backed operation 

 

 

 

 

 

 

Sun, 11/27/2011 - 13:22 | 1917765 rambler6421
rambler6421's picture

why on earth would they do that? this will put in the moslem brotherhood in power.

libertarian86.blogspot.com

Sun, 11/27/2011 - 14:08 | 1917958 sabra1
sabra1's picture

that's the whole idea! hitlery cliton is arranging the whole setup!

Mon, 11/28/2011 - 06:02 | 1920314 Tompooz
Tompooz's picture

"why on earth would they do that? this will put in the moslem brotherhood in power."

They must be thinking that they can control the leadership of the moslem brotherhood by helping them to overcome the Ba'thists.

It's a (stupid) gamble, but then in Syria they have nothing to lose; they certainly could not control Asad and his regime.

Look how they threw loyal Mubarak to the wolves. They figured it was the military-to-military relationship that really mattered.

Well, that remains to be seen too.

Sun, 11/27/2011 - 13:25 | 1917780 sunnydays
sunnydays's picture

Funny how the U.S. is ignoring what is happening in Egypt now with the killing of the people.  I guess it is because the generals are their alliance in Egypt and doing the bidding of the West.   They are ignoring Saudia Arabia's protests too.   Jeez also funny how it is all countries that do not have a Rothschild's central bank that they decide to go after and invade.

At what point will the people realize the U.S. is the only country invading and taking over other countries in  the world?

The U.S. is not the humaine country it pretends to be.  So, now the U.S. wants to start WW3?  I will never fly the American flag again, unless it is upside down.

Sun, 11/27/2011 - 14:05 | 1917941 sabra1
sabra1's picture

the oldidorks use the US army/navy as their private police force! that's why they have bases all over the world!

Sun, 11/27/2011 - 14:22 | 1918016 CrazyCooter
CrazyCooter's picture

Perhaps because Egypt is now more or less a net importer of oil?

Regards,

Cooter

Sun, 11/27/2011 - 13:29 | 1917796 Fate
Fate's picture

Isn't there a Russian naval base on the Syrian coast?

Sun, 11/27/2011 - 13:46 | 1917866 topcallingtroll
topcallingtroll's picture

Russia and China will do nothing.

They are just a couple of Shi Tzu's barking at a Great Dane.

They just look ridiculous and the world gets a good laugh out of their antics.

Sun, 11/27/2011 - 14:04 | 1917938 Randall Cabot
Randall Cabot's picture

Nothing big will come of this, the no-fly zone won't work with Syria because the Russians just set up an air defense system there that will give any attackers a bloody nose which will have to lead to escalation which won't happen so call it a stalemate right now. Qualifier: All bets off if Nutty Nutanyahu gets nuttier.

Sun, 11/27/2011 - 14:06 | 1917949 sabra1
sabra1's picture

funny how Putin is once again president, without even a fight!

Sun, 11/27/2011 - 14:30 | 1918048 alpharack
alpharack's picture

The rotten regime of saudi arabia is crumbling by day. Fuck arab league of pimps.

Sun, 11/27/2011 - 14:35 | 1918071 xcehn
xcehn's picture

Many see the Arab League as a tool of Saudi Arabia, and indirectly the U.S.

Sun, 11/27/2011 - 15:12 | 1918222 tamboo
tamboo's picture

and izzy of course since sauds are joos too, look it up.

Sun, 11/27/2011 - 14:35 | 1918072 King Dong
King Dong's picture

I love the smell of sanctions in the morning

Sun, 11/27/2011 - 15:13 | 1918229 PLove
PLove's picture

Saudi Arabia is next.

Fukcen fools! 

Sun, 11/27/2011 - 15:42 | 1918330 DutchR
DutchR's picture

But Syria just got some fresh S300's to play with.

Sun, 11/27/2011 - 16:11 | 1918435 justhumanbeing2
justhumanbeing2's picture

hmmm

this issue concerns syria.

well : Syrian people are happy with it ^_^!

all of these sanctions are not affecting the average people living in syria ..

Syria has lost about 20 B of its GDP since the protests started , and that did not affect the average ordinary people .

you know why ?

because the regime and his gang had stolen everything from the people .

the gang has owned every profitable type of work : they own mobile companies , they own internet services , every thing profitable.

and what did they have before they had the government ?

some cows like other people !!

but I guess their cows give birth to golden ones

P.S : I am Syrian btw

Sun, 11/27/2011 - 16:18 | 1918458 SunBlaster
SunBlaster's picture

EU imports 88.6% of fuel products.

Did Syria recently decided to open oil burse or sell their oil in Some other currency than US dollar?

Sun, 11/27/2011 - 16:25 | 1918486 lolmao500
lolmao500's picture

This is gonna be fun.

As long as internet is on, I don't care if the middle-east and half of Europe is nuked.

Sun, 11/27/2011 - 16:48 | 1918531 kaiserhoff
kaiserhoff's picture

Of all Pubama's clusterfucks, his foreign policy is genuinely insane.  Who else could run Dick Cheney's enemy annihilation racket better than Cheney?

Anarchy in the Middle East doesn't really help Israel.  They can threaten, or buy off individual thugs.  They have never been able to deal with the Arab Street.  A diversion should be Granada or Wag the Dog, shit, not a face off with the other Putin.  And when did the cut throats and sheep stealers of the Arab league ever bitch about one of their own?

Scary shit, because no one wins here.  Some dumb ass got a calculation wrong, like assassinating an Arch-Duke for no particular reason.

Sun, 11/27/2011 - 16:50 | 1918575 justhumanbeing2
justhumanbeing2's picture

plus : the solution was very easy from the start .

let the "rabbit" get down his chair and leave us alone

but he is insisting to stay

it will be a seed for mid east war , not because he will attack israel nor iran will do that  but because he is having support from Iran, Iraq , Lebanon Shiate militia .

and this will cause a sunni-shiate war .where shiate will lose it for sure .

Russia will not move for "the rabbit" , it has lost everything

If Russia wanted to do anything it have been done in Afghanistan.

It will be a religions war in the end ... may GOD help us.

Sun, 11/27/2011 - 17:07 | 1918635 High Plains Drifter
High Plains Drifter's picture

http://www.youtube.com/watch?feature=player_embedded&v=bDe65-nF3FQ#!

as for me, i would rather die on my feet than live on my knees...

http://www.youtube.com/watch?v=qcWIaYJGlOQ&feature=related

the new anti semitism , means any criticism of israhole about anything.

Sun, 11/27/2011 - 19:42 | 1919125 Tompooz
Tompooz's picture

Drifter, once you see that a courageous "self-hating  Jew" like Finkelstein is driven by compassion for victims rather than by hate and you realize that real antisemitism is used as an evolutionary tool  by a small, smart and well resourced elite , then it becomes clear that belief in being a "chosen people" becomes self-fulfilling.

 

Sun, 11/27/2011 - 20:13 | 1919228 jmc8888
jmc8888's picture

The Arab political arm of the British Empire, sets asinine sanctions against Syria (who never had a real shot to avoid them), in another step towards another British imperial monetary war that has been being planned and setup for months.  

This Syrian debacle has far too great a chance to ignite WWIII, so again, the Brits either control everything, or get what they want, asinine fascist, unneeded depopulation.  

Britain and France have been setting this thing up on many different fronts.  Claiming who they want to 'deal' with, arms, MI6 and the french equivalent on the ground, treaties with Turkey, so on and so forth.

This war will be just as phony as Wall Street is.  Except this time, it most likely gets real.  Still ways to stop it, but you have to impeach Obama immediately.   We are on the precipice of a thermonuclear war, and after such a sad fact transpires, only THEN will people understand why.

Glass-Steagall 

Sun, 11/27/2011 - 21:01 | 1919375 hyperbole2000
hyperbole2000's picture

The latest USA involvement in the Syrian theater is: A) Continuing expansion into the former Soviet sphere; B) US expansionism under humanitarism justification; C) Continuing blowback by USA for 911; D) all of the above.

I suspect C carries a lot of weight. The USA through separation of church and state has eviscerated one of the main threats to liberty (i.e to challange your government should not be a challange to God resulting in heresy); however, counter to this the USA believes the creation of the USA was an act of God. Even George Washington referred to divine providence. To attack the USA is to attack God and 911 falls into this definition. When it comes to warring the USA is like a tortured hungry angry junk yard dog. I suspect that if Obama had put Osama's head on a pike pole at the front gate of the White House is poll number would have gone up. That junk yard dog has taken a bite out of the asses of Afghanistan, Iraq, and Libya and it is still angry and hungry. The only way to appease a junk yard dog is a big, a real big, peice of meat, and that dog ain't been given one yet. The junk yard dog can loose the concept of friend and foe but what really gets his attention is anything that gets in its his face and gives him attitude. Ergo the USA involvement in the Syrian Theatre.

The interesting twist is the involvement of Turkey who has their own separation of church (mosque) and state thing going. And in a much tougher part of town: Credos to them. I perceive a little manifest destiny on their part too and having the second largest miltary in NATO, after the USA, they can walk the talk.

Although thinks look gloomy, look on the bright side we could be witnessing the beginning of the evisceration of theocracy on a global scale. Leading to global outbreak of liberty, peace, and stability though the harmonious embrace of the Christian and Islamic peoples.

Mon, 11/28/2011 - 15:40 | 1922140 dinastar2
dinastar2's picture

None of you has lived in an islamic- soviet styled dungeon like Syria. So instead of throwing your contempt at any move the USA and the rest of the western world will do against this archaic dictature, you should put yourselves in the shoes of the common people of Syria who are fed up by 41 years of the same family ( Assad father then Assad son ) stealing every centimeter of freedom, of ressources, of dignity. You american have a very childish attitude about the rest of the world . You have not the slightest clue of what is it to be jailed for 4 years and beaten every week because you had the unfortunate fate of throwing to the dustbin a huge poster of our beloved President Assad which was strapped by the wind and flew to my neighbour courtyard.Now maybe you have a small hint of what is the Syrian dungeon. If thanks to the USA, and other countries the kleptocratic gang of Assad and his cronies is thrown out we shall finally be able to breathe, you know just to breathe without having to look over our shoulder if some secret police indicator is spying at us.

Tue, 12/13/2011 - 01:40 | 1972894 Xmedia
Xmedia's picture

I totally agree with you. Great article. Keep up the good work

http://xmediasolution.com/International-Clients.html/

Do NOT follow this link or you will be banned from the site!