Comments on the Caesar Act in The National, 27 Jun 2020

28 June, 2020
read < 1 minute
image_pdfimage_print

Dr. Nasser Saidi’s comments on the Caesar Act appeared in the article titled “Lebanon braces for ‘pain’ of Caesar Act amid financial meltdown” in The National’s 27th June 2020 edition. The comments are posted below.
 
Because of the close historical ties between Lebanon and Syria, the law will make business between the two countries “more problematic and expensive” and “hurt Lebanon”, said Nasser Saidi, a former vice-governor of Lebanon’s central bank.
The Caesar Act provides for secondary sanctions, which significantly widens its scope, he said.
“In other words, they are imposing sanctions on Syrian entities and business people and also on the people who deal with them,” Mr Saidi told The National.
Should the US decide to impose sanctions against the Syrian central bank, transactions inside the country “would be highly complicated”, said Mr Saidi.

Read Next

media page

Comments on the UAE agreement with Oman re special economic zone in The National, 28 May 2025

Dr. Nasser Saidi’s comments on the agreement between Dubai’s global ports operator DP World and

29 May, 2025

TV and radio

Interview with Al Arabiya on the EUR & CNY as potential alternatives to the dollar, 27 May 2025

In this TV interview with Al Arabiya aired on 27th May 2025, Dr. Nasser

28 May, 2025

media page

Dr. Nasser Saidi’s interview “Can Beirut’s New Reform Agenda Save the Pound?” on “You’re In Business” with Yousef Gamal El-Din, 13 May 2025

Dr. Nasser Saidi’s interview with Yousef Gamal El-Din titled “Can Beirut’s New Reform Agenda Save

15 May, 2025