On May 23, 2025, the U.S. Departments of State (“State”) and the Treasury (“Treasury”) took actions that resulted in immediate sanctions relief for Syria. Specifically, Treasury’s Office of Foreign Assets Control (“OFAC”) issued General License 25 (“GL 25”) pursuant to the Syrian Sanctions Regulations (“SySR”), the Weapons of Mass Destruction Proliferators Sanctions Regulations (“NPWMD”), the Iranian Financial Sanctions Regulations (“IFSR”), the Global Terrorism Sanctions Regulations (“GTSR”), and the Foreign Terrorist Organization Sanctions Regulations (“FTOSR”). In parallel, Treasury’s Financial Crimes Enforcement Network (“FinCEN”) and State took supporting actions outlined below.
Treasury’s press release explained that the sanctions relief is intended to “facilitate activity across all sectors of the Syrian economy,” in order to “help rebuild Syria’s economy, financial sector, and infrastructure.”
Treasury’s press release also emphasized that sanctions relief was extended “with the understanding that the country will not offer a safe haven for terrorist organizations and will ensure the security of its religious and ethnic minorities.”
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