Following OFAC’s recent steps to release a Syria General License which authorises transactions related to earthquake relief efforts in Syria, the UK has also taken steps to further facilitate aid flow into the country.
Two General Licenses have been released:
- The General License released by OFSI authorises activities which would otherwise have been prohibited by the asset freeze for specified groups or organisations, and their service providers.
- The Export Control Joint Unit’s (ECJU) General Licence will extend the protection offered by the current humanitarian exception to petroleum prohibitions for UK-funded persons to all those conducting earthquake relief efforts in Syria and Turkey.
Both licences are valid for 6 months from the date of issue. Firms should consider the licences where appropriate.