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July 9, 2014

Syria Designations; Non-proliferation Designations

Treasury has announced that it has taken action to increase pressure on the Syrian regime and those providing support that could aid its military efforts. The Treasury Department designated United Arab Emirates-based Pangates International Corporation Ltd. (Pangates) pursuant to Executive Order (E.O.) 13582 for providing material support for, and goods and services to, the Government of Syria, including SYTROL, a Syrian state oil company sanctioned by the United States. The Treasury Department also designated Syria-based front companies Expert Partners and Megatrade pursuant to E.O. 13382 for acting for or on behalf of the U.S.-sanctioned entity Scientific Studies and Research Center (SSRC), Syria's government agency responsible for developing and producing non-conventional weapons and ballistic missiles. Both SYTROL and SSRC have been sanctioned by the European Union. 

U.S. persons are generally prohibited from engaging in any transactions with the persons identified in Treasury's announcement, and any assets of those persons subject to U.S. jurisdiction are frozen. From the onset of unrest in Syria to date, the United States has imposed sanctions on nearly 200 individuals and entities, including the Government of Syria, its Central Bank, and affiliated oil companies.

The following entities have been added to OFAC's SDN List:

EXPERT PARTNERS (a.k.a. EXPERTS PARTNERS), Rukn Addin, Saladin Street, Building 5, PO Box 7006, Damascus, Syria [NPWMD].

MEGATRADE, Aleppo Street, PO Box 5966, Damascus, Syria [NPWMD].

PANGATES INTERNATIONAL CORPORATION LIMITED, P.O. Box 8177, Sharjah Airport International Free Zone, Sharjah, United Arab Emirates; Office Y-47, Sharjah Airport International Free Zone, Sharjah, United Arab Emirates; P.O. Box 5797, Damascus, Syria; Website; Email Address; alt. Email Address [SYRIA].

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