Syria

International sanctions imposed by the United Nations (UN), United States (US), European Union (EU) and United Kingdom (UK) have evolved significantly following the end of the Assad regime in 2024. While sanctions previously targeted key sectors of the Syrian economy, including energy, financial services and trade, there has since been a material shift towards easing restrictions and supporting Syria's political transition.

The EU and UK have lifted many broad economic and sectoral restrictions whilst retaining targeted sanctions, including asset freezes and travel bans, on designated individuals and entities. Engagement with Syrian counterparties is therefore more permissive than in previous years, subject to appropriate due diligence and compliance with any remaining restrictions.

In the United States, sanctions policy has also changed significantly. In May 2025, OFAC issued General License 25 authorising a broad range of activities involving Syria, and on 30 June 2025 Executive Order 14312 revoked the core Syria sanctions programme with effect from 1 July 2025. Certain targeted sanctions, export controls and other restrictions nevertheless remain in place.

This summary is intended as a high-level overview only and does not constitute legal advice. Sanctions regimes change frequently and Members should seek up-to-date advice before undertaking any trade that may give rise to sanctions concerns.