Syrian Sanctions Are Being Lifted; Exporters Still Need to Carefully Review Their Proposed Transactions

The Office of Foreign Asset Control (OFAC) plans to publish a notice rescinding Syrian sanctions in tomorrow’s Federal Register. The notice is expected to be immediately effective, upon publication.

The United States is in the process of lifting sanctions against Syria pursuant to the President’s Executive Order that was issued earlier this summer.

This does not mean that all sanctions against Syria are lifted! For example, the BIS sanctions regime still currently exists. Proposed exports to Syria still need to be carefully reviewed to ensure compliance, and may still require an export license. But this is one important step to making it easier to export aircraft parts (and other goods) to Syria.