Share on LinkedInShare on LinkedIn

ARTICLE · 30 MAY 2025

Trump Administration Issues Sweeping Sanctions Relief For Syria

Akin
Akin
Contributor
Akin

Akin

Akin is a global law firm with more than 1,100 lawyers and advisors who pride themselves on...

View firm profile
Explore more from Akin

On May 23, 2025, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 25 to provide immediate sanctions relief for Syria...

SyriaInternational Law

Ziad El Oud, Ben Richmond

Key Points

  • On May 23, 2025, OFAC issued Syria GL 25, which authorizes a wide range of transactions otherwise prohibited by the SySR and other authorities affecting trade with Syria.
  • Subject to certain exclusions, GL 25 includes (1) a broad lifting of the SySR prohibitions on U.S. person involvement in the provision of services to Syria, new investment in Syria, and transactions related to Syrian-origin petroleum or petroleum products; and (2) a more targeted lifting of sanctions on certain Syria-related "blocked persons" (including entities owned or controlled by the "Government of Syria").
  • Unlike GL 24, which OFAC issued in January 2025 shortly after the fall of the Assad regime, GL 25 does not have an expiration date. Treasury Secretary Scott Bessent indicated that GL 25 is designed to "encourage new investment into Syria," "support the new Government of Syria" and "put the country on a path to a bright, prosperous, and stable

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from