US blacklists 271 Syrian chemists, other experts over sarin attack

April 25, 2017

Washington, Apr 25: The US government put 271 Syrian chemists and other officials on its financial blacklist Monday, punishing them for their presumed role in the deadly chemical weapons attack on a rebel-held town in early April.

blacklistsIn one of its largest-ever sanctions announcements, the Treasury Department took aim at the Syrian Scientific Studies and Research Center (SSRC), which it said was responsible for developing the alleged sarin gas weapon used in the April 4 attack.

The attack left 87 dead, including many children, in the town of Khan Sheikhun, provoking outrage in the West, which accused Syrian President Bashar al-Assad of being responsible.

The sanctions will freeze all assets in the United States belonging to the 271 individuals on the blacklist, and block any American person or business from dealing with them.

According to the Nuclear Threat Initiative, a Washington-based think tank, the SSRC is Syria's leading scientific reasearch center, with close links to the country's military.

The center was the subject of two earlier sanctions declarations, in 2005 and 2007, due to its alleged role in developing weapons of mass destruction.

The Treasury asserted in a statement Monday that the SSRC is behind the Syrian government's efforts to develop chemical weapons and the means to deliver them.

The 271 either have scientific expertise for the program or have been involved in it since 2012, the statement said.

"These sweeping sanctions target the scientific support center for Syrian dictator Bashar al-Assad's horrific chemical weapons attack on innocent civilian men, women and children," Treasury Secretary Steven Mnuchin said.

"These sanctions are intended to hold the Assad regime and those who support it -- directly or indirectly -- accountable for the regime's blatant violations of the Chemical Weapons Convention and UN Security Council Resolution 2118," he said.

Assad has said the attack was a "fabrication" by the West.

But the US military quickly responded on April 7, firing 59 Tomahawk cruise missiles at a Syrian airfield to punish the government and send a warning against any further chemical weapons attacks.

An effort at the United Nations to add pressure on Damascus failed, however, when Assad's close ally Russia vetoed a Security Council resolution on April 12 demanding the Syrian government cooperate with an investigation of the attack.

British Foreign Secretary Boris Johnson welcomed the US sanctions, saying they send a warning to those who would use chemical weapons.

"The abhorrent attack on Khan Sheikhun is a stark reminder that the international community must work together to deter the future use of chemical weapons in any circumstances," he said in a statement.

"We will continue our efforts to hold accountable those responsible for chemical attacks, including through the UN and EU, and to energize international support for the UN-led political process," he said.

"Only a political settlement will bring an end to the war in Syria."

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News Network
January 6,2020

Aboard Air Force One, Jan 6: US President Donald Trump threatened sanctions against Baghdad on Sunday after Iraq's parliament called on US troops to leave the country, and the president said if troops did leave, Baghdad would have to pay Washington for the cost of the air base there.

"We have a very extraordinarily expensive air base that's there. It cost billions of dollars to build, long before my time. We're not leaving unless they pay us back for it," Trump told reporters on Air Force One.

Trump said that if Iraq asked US forces to leave and it was not done on a friendly basis, "we will charge them sanctions like they've never seen before ever. It'll make Iranian sanctions look somewhat tame."

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News Network
January 25,2020

Beijing, Jan 25: The death toll due to the novel coronavirus (2019-nCoV) outbreak in China has soared to 41, while the number of infected persons were 1,287, the National Health Commission said on Saturday.

The Commission said that 444 fresh cases were reported since Friday, with 237 patients in serious conditions, while 38 had been cured and discharged from hospitals, reports Efe news.

Health authorities have carried out check-ups on 15,197 people who have come into close contact with the infected persons. Nearly 14,000 of them continue to be monitored for symptoms.

The others cases outside of China were reported in France (two), Australia (one), Thailand (four including two cured), Japan (two including one cured), South Korea (two), the US (two), Vietnam (two), Singapore (three), Nepal (one), Hong Kong (five), Macao (two) and Taiwan (three).

The symptoms of the new coronavirus, provisionally designated by the World Health Organization as 2019-nCoV, are similar to those of cold but may be accompanied by fever and fatigue, dry cough and dyspnea (shortness of breath).

The WHO has so far to declared the outbreak as an international health emergency.

Strict measures were being carried out in China, which include complete suspension of transport in around a dozen cities in Hubei province and also cancelling Chinese New Year celebrations.

Traditional events at Lama Temple and Ditan Park in Beijing were cancelled due to the risk of spreading the virus, authorities reported Friday, while the famous Forbidden City has also been closed indefinitely.

Wuhan, the capital of Hubei, where the virus was first reported, has been on lockdown since Thursday to prevent further spread of the virus and the city's authorities have begun to build a "special hospital" with 1,000 beds for infected patients.

"Construction of the special hospital with a capacity of 1,000 beds for patients with #nCoV2019 has begun in Wuhan," official China Daily said on Twitter.

The hospital in Wuhan will be based on the model of a similar facility that was built in just seven days in Beijing to deal with SARS in 2003.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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