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 (when published in the Federal Register), 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 31 C.F.R. Part 542.
Author Andrea Tovar
Author Terence Gilroy