Syria’s Bashar al-Assad says frozen funds in Lebanese banks are the biggest impediment to investment

Syria’s Bashar al-Assad says frozen funds in Lebanese banks are the biggest impediment to investment

Syria’s Bashar al-Assad says frozen funds in Lebanese banks are the biggest impediment to investment

BEIRUT: Syrian President Bashar al-Assad said on Saturday that the main impediment to investment in the country was money trapped in ailing Lebanese banks.
He said some estimates suggested that $ 40 billion or $ 60 billion of Syrian funds were stuck in Lebanon.
In a speech after being sworn in for a fourth term, Assad also said Syria will continue to work to overcome difficulties caused by Western sanctions imposed during its decade-long war.

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