U.S. Extends Suspension of Syria Sanctions
Washington disclosed the decision in a joint advisory issued by the Treasury Department along with the Departments of State and Commerce.
The document detailed the restrictions that have been lifted from Syria and provided guidance for businesses aiming to operate in the Middle Eastern country.
The advisory stated that Secretary of State Marco Rubio prolonged the May waiver that suspended sanctions under the 2019 Caesar Syria Civilian Protection Act for another six months.
This legislation imposed broad limitations on individuals, companies, and organizations connected to former Syrian President Bashar al-Assad and essentially prohibited foreign companies from participating in the nation’s reconstruction under threat of secondary sanctions.
Under the terms of the waiver, firms can transfer most fundamental civilian goods originating from the U.S., as well as software and technology, to or within Syria without needing a license.
However, Washington’s approval is still required to trade items listed on the Commerce Control List, according to the document.
The waiver explicitly excludes “transactions involving the governments of Russia and Iran, or the transfer of provisions of Russian-origin or Iranian-origin goods, technology, software, funds, financing, or services,” the advisory added.
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