President Issues New Sanctions against Syrian Government

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August 25, 2011

On August 18, 2011, President Obama issued Executive Order 13582, imposing additional sanctions on the Syrian Government, as a result of the Syrian Government’s use of violence against Syrian civilians. In addition to blocking all assets of the Syrian Government, Executive Order 13582 bans the export of U.S. services to Syria, the import of Petroleum from Syria, and new investment in Syria. Furthermore, President Obama called for Syrian President Bashar al-Assad to step aside.

Executive Order 13582 prohibits the following actions:

- New investment in Syria by a United States person, wherever located

- The exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of any services to Syria

- The importation into the United States of petroleum or petroleum products of Syrian origin

- Any transaction or dealing by a United States person, wherever located, including purchasing, selling, transporting, swapping, brokering, approving, financing, facilitating, or guaranteeing, in or related to petroleum or petroleum products of Syrian origin

- Any approval, financing, facilitation, or guarantee by a United States person, wherever located, of a transaction by a foreign person where the transaction by that foreign person would be prohibited by Executive Order 13582 if performed by a United States person or within the United States

Executive Order 13582 also blocks all assets of the Syrian Government and the assets of those assisting the Syrian Government.

For further information, contact a Barnes/Richardson attorney.