Home News and Politics U.S. Levies Syrian-Related Sanctions against Individuals and Entities

U.S. Levies Syrian-Related Sanctions against Individuals and Entities

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The financial intelligence and enforcement agency of the U.S. Treasury Department slapped sanctions against officials, entities and individuals that have been alleged of providing support to the oil production network under the leadership of Syrian President Bashar Assad.

The financial intelligence and enforcement agency of the U.S. Treasury Department slapped sanctions against officials, entities and individuals that have been alleged of providing support to the oil production network under the leadership of Syrian President Bashar Assad, the department said in a press release on Monday.

According to the department, the move signifies the fifth round of Syria-related sanctions that it has imposed since the Caesar Syria Civilian Protection Act of 2019 (Caesar Act) – a law which imposes sanctions and travel restrictions to individuals and entities giving support to members of the Assad regime – has taken full effect.

The Office of Foreign Assets Control (OFAC) levied the penalties against Syrian military officials, members of the Syrian Parliament, entities under the Syrian government, as well as Syrian and Lebanese individuals that have been accused of “attempting to revive Syria’s deteriorating petroleum industry.”

“The Treasury Department is determined to continue to apply economic pressure on the Assad regime and its supporters for the repression conducted by the regime,” said Treasury Secretary Steven Mnuchin.

The department’s latest action complements the efforts of several international forces to crackdown the civil unrest in Syria under the Assad regime.

The issuance of fresh sanctions also reflects “the U.S. government’s continued effort to achieve a peaceful, political resolution of the Syrian conflict in line with UN Security Council Resolution 2254.”