Introduction
On November 20, 2018 the U.S. Office of Foreign Asset Control (“OFAC”) issued an Advisory warning the maritime community against transporting petroleum to the Syrian Government. On March 25, 2019, OFAC has reprised that warning, in a second Advisory entitled “Sanctions Risks Related to Petroleum Shipments Involving Iran and Syria.” This Advisory may portend a tougher enforcement of the U.S. sanctions against Syria. To read the Advisory in full, click Here.
To read the full Client Alert, click HERE.