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U.S., E.U. Oil Embargo Costs Syria $2 Billion In Revenue

The Syrian oil minister said yesterday that his government has lost $2 billion in revenue because of the European and American oil embargo recently put in place because of the Syrian regime’s violent crackdown on pro-democracy protesters. “We have suffered important losses as a result of our inability to export crude oil and petroleum products,” Sufian Allaw said at a news conference in Damascus.

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