A US House of Representatives committee has voted to impose new sanctions on Syria's energy sector and called for referring its president, Bashar al-Assad, to a war crimes tribunal.
The legislation would help bring about Assad's downfall by "tightening the financial noose around Assad's neck - already tied very tight by the Obama Administration," said Representative Howard Berman, a Democrat who co-sponsored it.
The bill must pass the entire House and Senate before President Barack Obama would decide whether to sign it into law. The outlook for passage in the House is good, considering it has bipartisan support; the chief House sponsors are House Foreign Affairs Committee Chairwoman Ileana Ros-Lehtinen and Democrat Eliot Engel. In the Senate, similar measures have been proposed by a Democrat, Kirsten Gillibrand.
Concerns about impact on energy prices could slow the measure down, as has happened before with similar sanctions legislation aimed at Iran. If sanctions crimped Syrian oil sales, that could further tighten world oil supplies, boosting oil prices.
The Obama administration has already ordered a variety of sanctions on Syria, adding to the pressure on Assad and his government to end a nearly year-long crackdown on protesters.
The House Foreign Affairs Committee voted to impose sanctions on anyone who invests more than $5 million in developing Syria's oil and gas resources, or who spends at least $1 million assisting Syria's refineries.
It would also sanction those who sell or provide to Syria refined petroleum products worth more than $1 million.
The sanctions, including bans on U.S. loans and export licenses and dealings with US financial institutions, would apply to foreign entities as well as the United States.
US citizens have already been prohibited from some transactions with Syria's energy sector.
[Reuters]