Treasury Paves Way for More Publishing-Related Exports to Syria
The Treasury Department amended the Syrian Sanctions Regulations in recent days to authorize general licenses for non-restricted exports related to publishing, as well as a range of other affiliated activities. The Treasury slashes barriers for publishing exports and other activities…
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“not already exempt from regulation, that support the publishing and marketing of manuscripts, books, journals, and newspapers in paper and electronic format,” said the agency’s Office of Foreign Assets Control in an April 13 final rule (here). The International Emergency Economic Powers Act already permits some publishing sector exports and activities to Syria, OFAC said. “OFAC is issuing a new general license set forth in 31 CFR 542.532 to authorize, subject to certain limitations, transactions not already exempt from regulation,” the final rule said. The general license eliminates restrictions on Export Administration Regulations-controlled “embedded software” and other controlled information and technology, said OFAC.