Tag Archives: Syria

U.S. updates guidance for the shipping industry on tactics used to illegally procure Iranian oil for Syria

On Monday, March 25, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated the advisory document it published in November 2018 on the risks for parties involved in petroleum shipments to Syria. The update adds to the list of deceptive shipping practices used to obfuscate the destination of petroleum bound … Continue Reading

Sanctions Update: December 2013

On 24 November 2013, a joint commission of the United Kingdom (“UK”), the United States, Germany, France, Russia and China (collectively known as the “P5+1”, “E3/EU+3” or “E3+3”) reached agreement on a “Joint Plan of Action” with Iran, whereby Iran will comply with restrictions to its nuclear programme in return for limited relief from international … Continue Reading

Iran and Syria: Recent Sanctions Update

On 16 October 2012, the EU introduced further restrictive measures against both Iran and Syria. Details of these new measures can be found in the recent Reed Smith Client Alert by Sian Fellows, David Myers, Sarah Rogers, Alexandra Allan and Alexandra Gordon.… Continue Reading

EU further extends Sanctions against Syria

The Council of the European Union has published Council Decision 2012/206/CFSP, which came into force on 24 April 2012 and which imposes further restrictive measures against Syria. Specifically, it imposes a prohibition on the sale, supply, transfer and export of technology, equipment and goods which might be used for internal repression. The provision of technical … Continue Reading

EU extends sanctions against Syria

The EU has published Council Regulation (EU) 168/2012, which amends Regulation (EU) 36/2012 in respect of sanctions against Syria. Regulation 168/2012 prohibits various transactions in respect of gold, precious metals and diamonds, with a full list of the relevant goods being set out in Annex III to the Regulation. It is also prohibited to provide … Continue Reading

No UN Resolution on Syria… but for how long?

The prospect of the UN Security Council taking action against Syria looks to have taken a fatal blow with both Russia and China vetoing an already highly watered-down resolution. The European states’ third attempt at compromise wording, which referred not to potential sanctions but to “targeted measures”, did nothing to sway the two powers. Whatever … Continue Reading