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Syrian Academics: "Caesar Act" a new form of American war on the Syrians

DAMASCUS, (ST)-Some countries, known for their enmity to Syria, mainly the United States, have not only supported terrorism for years in Syria, rather, they have imposed coercive economic measures that targeted the basic needs of the Syrian people and their livelihood in various aspects of life, with the aim of undermining their steadfastness, hampering the Syrian army's progress in the battle against terrorism and creating economic problems that hinder reconstruction.

The so-called “Caesar Act” and the aggressive measures it contains which suffocate Syrian economy, is one of most remarkable forms of  American war against the Syrian people, according to Dr. Akram Al-Hourani, Deputy Dean of the Faculty of Economics at Damascus University. He indicated that the “Caesar Act” measures target all the countries and companies that deal with the Syrian Central Bank.

 The continuous political and economic pressure being imposed on Syria by the United States and its allies in the region aims at achieving the goals these parties have failed to achieve in the political and military fields, Dr. al-Hourani told SANA, stressing the Syrian people's determination to continue adhering to national principles and to defending their land and dignity.

On his part, Dr. Ali Kan'an from the Faculty of Economics at Damascus University, said that Syria's financial sector has been affected by unfair coercive economic measures imposed by the United States and the European Union. The sanctions have targeted the Syrian banks, including the Central Bank of Syria and all the foreign banks that deal with their Syrian counterparts, thereby leading to an increase in the price of imports.

According to Kan'an, before the terrorist war on Syria, the revenues from Syrian oil and gas exports used to supply the state treasury with some $3 billion annually, but now, Syria is importing oil and gas which has  added more pressure on both the treasury and on the oil derivatives.

International legal reports assert that the unilateral coercive economic measures undermine the principles of human rights as they are illegal punitive measures that violate the basic rights of the citizens of the targeted countries.

Government and citizens are partners in confronting the sanctions

On the other hand, a number of Syrian economists, academics and social figures stressed that the economic war and the unilateral coercive economic measures imposed on Syria, mainly the so-called "Caesar Act" necessitates solidarity and patience from all citizens in order to surpass them with minimum losses.

Dean of the Faculty of Economics of Aleppo University, Dr. Abdul Naser Hmeidan called for achieving partnership between public and private sectors and to benefit from national scientific skills in confronting the terrorist war and rebuilding what terrorism had destroyed.

Dr. Abdullah Bilal, also from Aleppo university, affirmed the importance of reactivating human resources and re-operating closed companies, producing goods that meet citizens' needs and encouraging small and medium sized enterprises.

Majd Eddin Dabbagh, Head of the Aleppo Chamber of Commerce, said that economic parties are working hard to confront and break the economic siege imposed on Syria by all possible means in order to ensure the flow of goods into markets. 

Lawyer Murhaf Razzouk called for preventing smuggling activities, because of their damaging effect on the national economy, urging all  Syrians to deal with the Syrian Pound (lira) and back their government's efforts to face the economic war.

Hamda Mustafa

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