§ 542.533 - Activities in certain economic sectors in non-regime held areas of Northeast and Northwest Syria.

§ 542.533 Activities in certain economic sectors in non-regime held areas of Northeast and Northwest Syria.

(a) Except as provided in paragraph (c) of this section, transactions prohibited by § 542.206 or § 542.207 that are ordinarily incident and necessary to activities in the following economic sectors in the areas of northeast and northwest Syria described in the List of Areas of Northeast and Northwest Syria in Which Activities are Authorized by § 542.533 on OFAC's website (https://ofac.treasury.gov) and published in the Federal Register are authorized:

(1) Agriculture;

(2) Information and telecommunications;

(3) Power grid infrastructure;

(4) Construction;

(5) Finance;

(6) Clean energy;

(7) Transportation and warehousing;

(8) Water and waste management;

(9) Health services;

(10) Education;

(11) Manufacturing; and

(12) Trade.

(b) Except as provided in paragraph (c) of this section, the purchase of refined petroleum products of Syrian origin for use in Syria prohibited by § 542.209 that is ordinarily incident and necessary to the activities described in paragraph (a) of this section is authorized.

Note 1 to paragraphs (a) and (b).

The authorizations in this section include the processing or transfer of funds on behalf of third-country entities to or from Syria in support of the transactions authorized by this section. U.S. financial institutions and U.S. registered money transmitters may rely on the originator of a funds transfer with regard to compliance with this section, provided that the financial institution does not know or have reason to know that the funds transfer is not in compliance with this section.

(c) This section does not authorize:

(1) Any transactions involving any person, including the Government of Syria, as defined in § 542.308, whose property or interests in property are blocked pursuant to § 542.201; or

(2) The importation into the United States of petroleum or petroleum products of Syrian origin prohibited by § 542.208.

Note 2 to § 542.533.

See § 542.510 for a general license authorizing the exportation or reexportation of certain items and services to Syria.

[89 FR 48322, June 6, 2024]