“Black Wednesday” for Assad: Uncle planted, the United States imposed sanctions

By | June 17, 2020

The United States imposed sanctions against Bashar al-Assad and his wife Asma, as well as against Syrian businessman Muhammad Hamsho.
A court in Paris sentenced Rifat Assad, the uncle of the current Syrian president, Bashar al-Assad, to four years in prison for illegal financial fraud. And the US authorities imposed new sanctions against Syria, which affect Bashar al-Assad himself. This became known on Wednesday, June 17.
So, Rifat Assad was found guilty of money laundering as part of an organized group of persons and violations of tax legislation. Law enforcement authorities revealed his fraud in real estate, as well as the embezzlement of state funds of the Syrian government in the period from 1984 to 2016, AFP reports.

It is indicated that the real estate empire of Uncle Bashar al-Assad is estimated at 800 million euros. Its assets are located in France, Spain and the UK.

Now the court has ruled to confiscate the French property of 82-year-old Rifat Assad. These are two mansions in Paris, about 40 apartments, a castle and a stud farm in the central department of Val d’Oise.

The United States also announced new sanctions on Syria under the “Caesar’s Law.” They include President Bashar al-Assad and his wife, Asma, US Secretary of State Michael Pompeo said.

“The Ministry of Finance and the Department of State announce 39 decisions on sanctions (against individuals and legal entities – ed.) Under the” Caesar’s Law “and Executive Decree 13894 as the start of a campaign on economic and political pressure on Assad to deprive him of income and support in waging war and committing atrocities against the Syrian people, “the statement said.

“We impose sanctions against Bashar al-Assad and his wife Asma, as well as against Muhammad Hamsho (one of the largest entrepreneurs in Syria – ed.),” The text says.

As noted, the new US sanctions against Syria under the so-called Caesar’s Law, or the Syria Civilian Protection Act, do not concern the provision of humanitarian assistance. Washington will continue to provide it, including in areas controlled by the Syrian government.

Recall that at the end of May, the Council of the European Union extended the sanctions against Syria for a year. The EU sanctions list includes 273 people and 70 organizations associated with the current regime.

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