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Reuters
Reuters
Politics

Syria's Assad says funds frozen in Lebanese banks biggest impediment to investment

FILE PHOTO: Syria's President Bashar al-Assad addresses the new members of parliament in Damascus, Syria in this handout released by SANA on August 12, 2020. SANA/Handout via REUTERS

Syrian President Bashar al-Assad said on Saturday the main impediment to investment in the country was money stuck in ailing Lebanese banks.

He said some estimates suggested $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 would continue working to overcome difficulties caused by Western sanctions imposed over its decade-long war.

(Writing By Maha El Dahan; Editing by Catherine Evans)

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