Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
Donald Trump takes office as 45th US PresidentWorld January 20, 18:21
CAIRO, December 24 (Itar-Tass) — Syria was forced to cut oil production by a third as a result of imposed world sanctions by the international community, said here on Saturday Syrian Minister of Petroleum and Mineral Resources Sufian Allaw.
“We have slashed down oil production by 30-35 percent,” he noted at a meeting of Arab oil ministers, adding that Syria now recovers up to 260,000 barrels daily.
Late in November, the US and European Union decided to ban export to Syria of oil and gas equipment, trade in state bonds of that country and sale of software to it as well as black-listed some of its state companies. Western countries also agreed not to issue easy credits to Damascus.
The Arab League Council of Foreign Ministers approved imposition of sanctions against Syria on November 27. The package of restrictions provides for a stoppage of air services with Syria, suspension of all operations with the country’s Central Bank and Commercial Bank, freezing of financial assets of the regime, investment projects and commercial contracts with the Syrian government, apart from those dealing with deliveries of strategic goods.