A photo of Syria's President Bashar al-Assad is seen along a street in old Homs city May 8, 2014. (REUTERS/Khaled al-Hariri)
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The United States on Thursday for the first time imposed sanctions on a Russian bank for its dealings with the syrian government, which has been engaged in a three-year civil war with opposition forces.This effectively cut the bank off from the U.S. financial system.The Treasury also imposed sanctions on bank official Mikhail Gagloev as well as six syrian government officials and two syrian refinery companies, Banias and Homs. syria's President Bashar al-Assad has been using Russian banks to access world markets, but the U.S. government had been resisting pressure from some lawmakers to place sanctions on the banks.
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