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The Syria (Sanctions) (EU Exit) Regulations 2019 ensure sanctions relating to Syria are implemented effectively after the UK leaves the EU.
This sanctions regime is aimed at encouraging the government of Syria to:
refrain from actions, policies or activities which repress the civilian population in Syria
participate in negotiations in good faith to reach a negotiated political settlement to bring about a peaceful solution to the conflict in Syria.
The Syria regime imposes asset freezes on those identified as being responsible for the violent repression of the civilian population in Syria, or supporting or benefitting from the Syrian regime.
There are several financial restrictions including in relation to the:
sale or purchase of certain bonds issued or guaranteed by the Syrian regime
establishment of correspondent banking relationships with certain persons
provision of insurance and re-insurance services to certain persons.
Exceptions and licences
Specific exceptions apply to certain activities in particular circumstances, such as:
under licence from HM Treasury to allow humanitarian assistance activities to be carried out in Syria for the benefit of the civilian population.
More details on exceptions which may apply can be found in Part 7 of the Syria (Sanctions) (EU Exit) Regulations 2019.