date:May 07, 2014
efforts by Damascus to secure credit lines to buy food from its close ally Iran have also been hit as Tehran itself faces financing constraints due to sanctions over its nuclear programme.
A lot of banks are nervous about any trade involving Iran or Syria and have huge compliance programmes in place. So you can find yourself having to satisfy multiple compliance teams that it is legitimate just to get paid, said Chris Hill of law firm Clyde Co.
Tarek al Taweel, director general of Syria's sta