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With relentlessly bad news out of Syria, the search continues for what the world can do to put pressure on Assad’s regime and to lay the groundwork for a future, legitimate Syrian government. The case for preemptive contract sanctions is becoming ever more compelling. Under this approach, the United States, United Kingdom, and other members of the Friends of Syria, would declare that new contracts with the Assad regime are illegitimate and that our courts should not enforce them if a legitimate successor government in Syria repudiates them. This could deter new loans and investments in Syria’s oil or other sectors and send a signal to the Assad regime that the economic pressure will not loosen.
For the third time in recent months, Russia, supported by China, blocked United Nations action to put additional pressure on Bashir Assad and help end the violence in Syria. A UN Security Council resolution is the preferred way to go. But if that is not possible, preemptive contract sanctions can tighten the squeeze on Assad without the cooperation of Russia and China.
The Friends of Syria coalition will meet in Paris on July 6 to discuss how they might stem the escalating violence in Syria. Once again there will be much hand wringing on what to do and a search for new ideas. Owen Barder and I, who have been working with our colleagues at CGD and officials in the U.S.