The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Syria General License (GL) 24 to expand authorizations for activities and transactions in Syria.
The U.S. Department of the Treasury, through OFAC, is issuing GL 24 to help ensure that sanctions do not impede essential services and continuity of governance functions across Syria, including the provision of electricity, energy, water, and sanitation.
GL 24 builds on existing authorizations in the Syrian Sanctions Regulations, Global Terrorist Sanctions Regulations, and Foreign Terrorist Organization Sanctions Regulations, including those that support international organization activities, nongovernmental organization (NGO) activities, humanitarian, and stabilization efforts in the region.
This authorization does not unblock the property or interest in property of any blocked person under any of the sanctions programs, including Assad and his associates, the Government of Syria, Central Bank of Syria, or Hay’at Tahrir al Sham (HTS); nor does it authorize any financial transfers to any blocked person other than for the purpose of effecting certain authorized payments to governing institutions or associated service providers in Syria.
The end of Bashar al-Assad’s brutal and repressive rule, backed by Russia and Iran, provides a unique opportunity for Syria and its people to rebuild. During this period of transition, Treasury will continue to support humanitarian assistance and responsible governance in Syria.
… said Deputy Secretary of the Treasury Wally Adeyemo.
