Guidance: Financial sanctions, Syria

Hm Treasury

February 17
17:36 2020

Latest HM Treasury notice, 17/02/2020, Syria (Reg 2020/211)

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EU sanctions will continue to apply in the UK until 11pm on 31 December 2020. This page will be updated if legislation or guidance changes during the transition period


Syria is currently subject to financial sanctions put in place by the European Union (EU) and, therefore, imposed by the UK as a member of the EU.

You can view Council Regulation (EU) No 36/2012 on restrictive measures in Syria online.

Implementation date

Financial sanctions have been imposed by the EU since 2011.


The Syria regime imposes asset freezes on those identified as being responsible for the violent repression of the civilian population in Syria.

There are several financial restrictions on those listed in relation to the:

  • sale or purchase of certain Syrian public or guaranteed bonds
  • establishment of new banking relationships and
  • provision of certain insurance and re-insurance products.

There are further restrictions on the:

  • purchase of certain goods in Syria and
  • the export of such goods to Syria.


There are no licencing grounds available for the restrictions listed above. However, specific exemptions apply to certain activities, such as:

Organisations providing humanitarian assistance to the civilian population in Syria are exempt from the prohibitions outlined in Article 6 of Council Regulation (EU) No 36/2012 if they have received funds from the:

  • UK Government
  • EU Commission
  • EU Member States

Those who dont receive such public funds will need to apply for a

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