Clifford Chance
U.S. Imposes New Economic Sanctions Against Syria
18 August 2011
Today, the White House issued an Executive Order imposing new, and significantly broader, U.S. economic sanctions against Syria (the "Executive Order") (available online at http://www.treasury.gov/resource-center/sanctions/Programs/Documents/syria_eo_08182011.pdf).
Up to today, U.S. sanctions imposed an asset freeze only on certain designated individuals and entities in Syria, including a growing list of firms associated with cronies of the Syrian regime, referred to as Specially Designated Nationals or "SDNs", as well as prohibiting the export of most U.S.-origin goods to Syria.
