Date: Jan 19, 2012
In response to the continued violence in Syria, today the European Union expanded its sanctions against that country by banning exports for critical sectors. The new sanctions provide a list of equipment, technology and software for the oil and gas industry and for electricity production that cannot be exported from Europe or by European entities to Syria without a license. The sanctions also identify telecommunications equipment that is subject to the same restriction because of the equipment's ability to help the Syrian regime intercept internet or telephone communications.
The types of equipment covered include:
The new prohibitions also cover certain technical assistance and financing for the types of items subject to the export ban. The prohibitions against exports for the oil and gas sector and for electricity production, however, include a grandfathering clause for preexisting contractual obligations.
Companies that engage in business with Syria from Europe and serve the industries noted in any respect should be mindful of these new restrictions. Even if their products are not covered by the new lists, exports of those products could be restricted under the EU's general export controls. The United States also imposes very broad restrictions on business with Syria involving U.S.-origin items or services.
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