Washington showing Lebanese Banks who’s boss

Over the past two years, US pressure on Lebanese banks reached unprecedented levels. The main indicator is the increased frequency of visits from US treasury envoys to Lebanon. The latest such visit was paid by Neal Steven Wolin, US deputy secretary of the treasury. Before him came Daniel Glaser, assistant

U.S. urges Lebanon to prevent Iran, Syria sanctions evasion

U.S. Deputy Treasury Secretary Neal Wolin urged Lebanese leaders and bankers in Beirut on Tuesday to ensure their country was not used by Iran and Syria to evade financial sanctions. A U.S. embassy statement said Wolin “underscored the need for Lebanon to prevent abuse of the Lebanese financial sector by

Syria condemns US sanctions on Assad

The Syrian government has condemned the U.S. sanctions targeted President Bashar Assad. The U.S. announced on Wednesday it was slapping the sanctions on Assad and six senior aides for the country’s brutal crackdown that has killed more than 850 people since a popular uprising began in March.

US tells Assad, leave if you can’t lead

The US on Wednesday urged Syrian President Bashar al-Assad to lead a political transition or step down from power as it imposed sanctions on him. “It is up to Assad to lead a political transition or to leave,” according to US government talking points distributed by the State Department.