Syria's Assad Says Funds Frozen in Lebanese Banks Biggest Impediment to Investment

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Syria's Assad Says Funds Frozen in Lebanese Banks Biggest Impediment to Investment

Syrian President Bashar al-Assad said 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.

Source: Reuters