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May 23, 2012 2:34 pm

U.S., European Sanctions Have Cost Syria $4 Billion

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Syrian President Bashar al-Assad. Photo: wiki commons.

CBS/AP – Syria’s oil minister acknowledged the heavy toll international sanctions have taken on the country’s oil sector, saying Wednesday that they had sucked about $4 billion from the economy.

Sufian Allaw said the sanctions levied by the United States and the European Union to put pressure on President Bashar Assad were to blame for the shortages that have left Syrians across the country standing in long lines to pay inflated prices for cooking gas and other products.

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