News & Analysis as of

Office of Foreign Assets Control (OFAC) Syria General Licenses

Stankie Law

Revocation of Syrian Sanctions: Opportunities, Risks, and Changes under Executive Order 14312

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President Trump continued his flurry of sanctions actions with the recent revocation of the Syrian sanctions program. On June 30, 2025, President Donald Trump issued Executive Order (“EO”) 14312 “Providing for the Revocation...more

Vinson & Elkins LLP

Commercial Considerations Related to the Shift in Syrian Sanctions Policy

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On May 23, 2025, General License 25 (“GL 25” or the “General License”) was issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), suspending a wide array of sanctions against Syria....more

Hogan Lovells

OFAC lifts certain sanctions on Syria, broad export controls remain in place

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General License (GL) 25 authorizes transactions previously prohibited by various regulations. Specifically, Section (a) broadly authorizes activities previously prohibited under the Office of Foreign Asset Control (OFAC)’s...more

Skadden, Arps, Slate, Meagher & Flom LLP

A New Day for Syria: Trump Administration Relaxes Sanctions

On May 23, 2025, the Trump administration issued a general license (GL) significantly relaxing the patchwork of restrictions on Syria, long a jurisdiction subject to comprehensive sanctions. This regulatory action followed a...more

Foley Hoag LLP

U.S. and EU Take Steps Towards Easing Sanctions on Syria

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On May 23, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License No. 25 (“GL 25”) authorizing certain transactions involving Syria and a specified list of blocked...more

Miles & Stockbridge P.C.

U.S. Provides Significant Sanctions Relief for Syria

Less than two weeks after President Donald Trump announced that his administration would lift U.S. sanctions on Syria, the U.S. Departments of the Treasury and State took significant first steps to provide the anticipated...more

BakerHostetler

Syria Sanctions Eased: What is the Impact on Your Business?

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On May 23, 2025, the United States formally eased its economic sanctions on Syria. This action authorizes a significant number of transactions that previously would have violated U.S. sanctions. ...more

Akin Gump Strauss Hauer & Feld LLP

Trump Administration Issues Sweeping Sanctions Relief for Syria

On May 23, 2025, the U.S. 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 President Trump’s May 13, 2025...more

Holland & Knight LLP

Trump Administration Provides Significant Sanctions Relief to Syria

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The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on May 23, 2025, announced a significant relaxation of the comprehensive economic sanctions imposed on Syria through the issuance of General...more

Benesch

Syria Sanctions - New General License Issued by OFAC Following Trump Announcement

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President Trump announced plans to relax sanctions against Syria during his recent trip to the Middle East, where he visited with the country’s President, Ahmed al-Sharaa. ...more

Latham & Watkins LLP

United States Eases OFAC Sanctions on Syria

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General License 25 effectively suspends OFAC sanctions targeting Syria. Stringent US export control restrictions on exports and reexports to Syria remain....more

Morgan Lewis

OFAC Issues Syria General License and FAQs Easing Sanctions

Morgan Lewis on

The US Office of Foreign Assets Control (OFAC) issued Syria General License 24 (GL 24) authorizing certain transactions with the new Syrian government and easing some transactions related to energy and personal remittances....more

ArentFox Schiff

OFAC Relaxes Sanctions Against Post-Assad Syria – For Now

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The US government signals careful optimism with a new general license authorizing some previously prohibited transactions, including many (but not all) transactions with Syrian governing institutions, for the next six months....more

Orrick, Herrington & Sutcliffe LLP

OFAC authorizes certain transactions to aid Syrian earthquake disaster relief

On February 9, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 23 to authorize, for 180 days, all transactions related to earthquake relief efforts that would...more

Hogan Lovells

OFAC Authorizes Transactions in Listed Sectors in Connection with Non-Regime Held Areas of Syria

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The Office of Foreign Assets Control (“OFAC”) issued General License (“GL”) No. 22 on May 12, 2022, authorizing transactions that are ordinarily incident and necessary to activities that occur in specified, non-regime held...more

The Volkov Law Group

The Mighty Amazon Falls to the OFAC Sanctions Sword

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Amazon joins the exclusive club of high-tech OFAC violators.  Last year, Apple settled with OFAC for sanctions violations.  This year, we can add Amazon to the list of OFAC violators. ...more

Jones Day

U.S. Imposes Sanctions on Turkish Officials, Ministries in Response to Syrian Offensive

Jones Day on

The Situation: In response to events in Syria and in the face of strong Congressional pressure to act, President Trump introduced sanctions targeting Turkey. The Result: Although the President indicated that a ceasefire...more

Skadden, Arps, Slate, Meagher & Flom LLP

US Imposes New Sanctions Targeting Turkish Government Officials and Entities

In light of Turkey’s military intervention in northeast Syria, President Donald Trump issued, on October 14, 2019, Executive Order 13894 (EO 13894), “Blocking Property and Suspending Entry of Certain Persons Contributing to...more

Hogan Lovells

U.S. government issues new executive order targeting Turkey and sanctions the Turkish Ministry of Defense, Ministry of Energy and...

Hogan Lovells on

On 14 October, President Donald Trump issued Executive Order 13894, Blocking Property and Suspending Entry of Certain Persons Contributing to the Situation in Syria (EO). ...more

BCLP

Unintended Consequences of Sanctions Intensify Syrian Refugee Crisis

BCLP on

Last week I wrote about one of the unintended consequences of OFAC’s “scorched earth” enforcement policy against banks and payment processors, namely, the blocking of funds transfers where the memo or the transferee name...more

McDermott Will & Schulte

Overview of US and EU Trade Sanctions

Overview of US and EU Trade Sanctions - Following is a summary of the current US and EU sanctions that restrict trade with and/or investment in certain countries, “Specially Designated Nationals” (SDNs) and “Blocked...more

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