On June 3, 2020, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued new Syria-Related Sanctions Regulations (the “Regulations”), effective June 5, 2020, to implement Executive Order 13894 (“EO 13894”) issued by the President on October 14, 2019 in light of Turkey’s military actions in Syria. The Regulations are a codification of EO 13894 and do not represent new sanctions against Syria. They are also separate from US comprehensive sanctions targeting Syria under…
On May 14, 2020, the US Department of State, the US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), and the US Coast Guard issued guidance to the private sector aimed at preventing deceptive shipping practices used in sanctions evasion, smuggling, facilitation of terrorism, and other criminal activity (the “Advisory”). The Advisory focuses on tactics recently used by malign actors to evade sanctions and sets out a non-exhaustive list of best practices companies…
On 17 July 2017, The European Council (the “Council”) added a further 16 persons to the list of persons targeted by EU’s Syrian sanctions regime. These persons include 8 scientists and 8 high ranking military officials, each involved in the development and use of chemical weapons against the Syrian civilian population. This decision brings the total number of persons being targeted by a travel ban and asset freeze to 255. In addition, 67 entities are…
The EU has extended its sanctions against the Syrian regime by one year, until 1 June 2018. Decision (CFSP) 2017/917, taken by the European Council on 29 May 2017, is in line with the EU approach of maintaining sanctions against the Syrian regime and its supporters as long as the repression of civilians continues. The EU currently imposes a broad range of sanctions against Syria, which includes, amongst others: an arms embargo; an oil embargo;…