New Executive Order Blocks Property of the Government of Syria and Prohibits Certain Transactions With Respect to Syria
On
August 18, 2011, in response to the Syrian
Government’s continuing escalation of violence
against the people of Syria, President Obama
signed Executive Order 13582
(E.O.) that
imposed additional sanctions against the
government of Syria.
The E.O. blocks all Government of Syria’s assets that are within the U.S. or within the control of any U.S. person, including any overseas branches. In addition, the E.O. prohibits:
(1) new investment in Syria by a U.S. person;
(2) exports, reexports, sales, or provisions of direct or indirect services to Syria from the U.S., or by a U.S. person, wherever located;
(3) imports into the U.S. of petroleum or petroleum products of Syrian origin;
(4) any dealing by a U.S. person related to petroleum or petroleum products of Syrian origin; and (5) any approval, financial facilitation, or guarantee by a U.S. person of transactions by a foreign person where the transaction would be prohibited to a U.S. person.
These sanctions are in addition to the national emergency declared in E.O. 13338 of May 11, 2004 (as amended), which blocks property of certain persons and prohibits the export of certain goods to Syria.
The E.O. blocks all Government of Syria’s assets that are within the U.S. or within the control of any U.S. person, including any overseas branches. In addition, the E.O. prohibits:
(1) new investment in Syria by a U.S. person;
(2) exports, reexports, sales, or provisions of direct or indirect services to Syria from the U.S., or by a U.S. person, wherever located;
(3) imports into the U.S. of petroleum or petroleum products of Syrian origin;
(4) any dealing by a U.S. person related to petroleum or petroleum products of Syrian origin; and (5) any approval, financial facilitation, or guarantee by a U.S. person of transactions by a foreign person where the transaction would be prohibited to a U.S. person.
These sanctions are in addition to the national emergency declared in E.O. 13338 of May 11, 2004 (as amended), which blocks property of certain persons and prohibits the export of certain goods to Syria.