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Treasury removes US sanctions on Syrian government

The move follows U.S. President Donald Trump’s June 30 executive order, which removed longstanding sanctions on the Syrian government.

Imagen del Departamento del Tesoro en Washington

Imagen del Departamento del Tesoro en WashingtonZUMAPRESS.com / Cordon Press.

Jewish News Syndicate JNS

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The U.S. Department of the Treasury’s Office of Foreign Assets Control has officially revoked the U.S. sanctions regulations on the Syrian government, the department announced on Monday.

This move comes in response to U.S. President Donald Trump’s June 30 executive order, which removed longstanding sanctions on the Syrian government while maintaining sanctions on the regime of deposed Syrian President Bashar Assad and other destabilizing actors.

The executive order

The executive order ends the national emergency that the U.S. government declared in 2004 under Executive Order 13338 and revokes the five orders that constitute the basis of that program, according to a senior Trump administration official, who spoke to reporters on background.

The executive order also directs "certain actions with respect to waivers of applicable statutory-based sanctions, export controls and other restrictions," the official said.

The order essentially eases sanctions on certain parts of the Syrian government, including state-owned entities, such as the central bank.

The Treasury Department will publish its "final rule" to remove the sanctions in the Federal Register on Tuesday.

© JNS

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