Bloomberg News

U.K. Said to Freeze 100 Million Pounds of Syrian Assets

July 19, 2012

The British government has frozen about 100 million pounds ($157 million) of assets owned by members of the Syrian regime, said an official familiar with the matter.

Russia and China vetoed a Western-drafted United Nations resolution today threatening non-military sanctions on the regime after 18 months of escalating violence.

The resolution called for measures such as an embargo on supplying arms to the Syrian military and asset freezes unless President Bashar al-Assad complied in 10 days with a UN peace plan he has flouted until now.

A bomb attack in Damascus that killed key members of Syria’s military establishment yesterday has left Assad scrambling to stop his family’s four-decade grip on power unravelling. U.K. Prime Minister David Cameron called on Assad today to leave power.

The government’s asset freeze was reported earlier by the BBC. The official declined to be identified because he wasn’t authorized to speak publicly.

To contact the reporter on this story: Gonzalo Vina in London at gvina@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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