October 23, 2019: Easy come, easy go

Yesterday, OFAC’s brand-new Syria-related sanctions program was essentially terminated – by removing the handful of designations:

AKAR, Hulisi, Turkey; DOB 1952; POB Kayseri, Turkey; Gender Male (individual) [SYRIA-EO13894].

DONMEZ, Fatih, Turkey; DOB 1965; POB Bilecik, Turkey; Gender Male (individual) [SYRIA-EO13894].

SOYLU, Suleyman, Turkey; DOB 21 Nov 1969; POB Istanbul, Turkey; Gender Male (individual) [SYRIA-EO13894]. 

REPUBLIC OF TURKEY MINISTRY OF NATIONAL DEFENCE, Ankara, Turkey [SYRIA-EO13894].

REPUBLIC OF TURKEY MINISTRY OF ENERGY AND NATURAL RESOURCES, Ankara, Turkey [SYRIA-EO13894]. 

And Treasury issued a press release:

PRESS RELEASES

Treasury Removes Sanctions Imposed on Turkish Ministries and Senior Officials Following Pause of Turkish Operations in Northeast Syria 

OFAC lifts sanctions on two ministries and three ministers 

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed sanctions imposed on the Government of Turkey’s Ministry of National Defence and the Ministry of Energy and Natural Resources, as well as the Minister of National Defence, Minister of Energy and Natural Resources, and the Minister of the Interior, following Turkey’s pause in military operations in Syria as agreed to with the United States on October 17, 2019 (the October Ceasefire).

“As a result of the ceasefire, and at the direction of President Donald J. Trump, Treasury is delisting two Turkish ministries and three of the country’s senior officials,” said Secretary Steven T. Mnuchin.

On October 14, 2019, OFAC designated Turkey’s Ministry of National Defence and Ministry of Energy and Natural Resources for being a subdivision, agency, or instrumentality of the Government of Turkey.  OFAC simultaneously designated Hulisi Akar, Minister of National Defence, Suleyman Soylu, the Minister of Interior, and Fatih Donmez, the Minister of Energy pursuant to E.O. 13894 of October 14, 2019, for being a current or former official of the Government of Turkey.  Today’s action, taken in consultation with the U.S. Department of State, is a direct result of Turkey’s adherence to the terms of the October Ceasefire.

As a result of today’s action, all property and interests in property, which had been blocked solely as a result of these designations, are unblocked and all otherwise lawful transactions involving U.S. persons and these entities and individuals are no longer prohibited.

While technically, program still exists since the Executive Order has not been revoked yet – and OFAC needs to issue regulations for the program – effectively, the program is gone.

Links:

OFAC Notice

Treasury Press Release

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s