Treasury Issues Immediate Sanctions Relief for Syria

Excerpt:  “Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 25 to provide immediate sanctions relief for Syria in line with the President’s announcement for the cessation of all sanctions on Syria.  GL 25 authorizes transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria.  GL 25 will enable new investment and private sector activity consistent with the President’s America First strategy.  The U.S. Department of State is concurrently issuing a waiver under the Caesar Syria Civilian Protection Act (Caesar Act) that will enable our foreign partners, allies, and the region to further unlock Syria’s potential.  This is just one part of a broader U.S. government effort to remove the full architecture of sanctions imposed on Syria due to the abuses of the Bashar al-Assad regime.”