The US Department of the Treasury has announced a sweeping overhaul of its sanctions' regime targeting Syria.
In a statement released Wednesday, the Office of Foreign Assets Control (OFAC) announced the publication of a final rule amending the regulations on sanctions related to Syria.
This update, which implements two presidential executive orders dated January 15 and June 30, will take effect Thursday with its publication in the Federal Register.
According to the Treasury, these amendments end the state of emergency declared in 2004 against the regime of Bashar al-Assad and lift general sanctions on the country, while maintaining measures against perpetrators of war crimes, human rights violators, and captagon trafficking networks, mainly Bashar el-Assad.
OFAC also updated its list of designated individuals and entities, adding two Indian nationals accused of involvement in drug trafficking as well as a pharmaceutical company based in Mumbai.
The announcements come as Syrian interim president Ahmed al-Sharaa, on the sidelines of the United Nations General Assembly in New York on Wednesday, held a meeting with Donald Trump.
Washington now seeks to “promote accountability for Assad and regional stabilization,” while relying on legislative tools such as the Caesar Act and the Captagon Act to guide its future sanctions.
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