Ukrainian government starts imposing sanctions against Syria for 50 years

This was reported on the governmental portal.

“Sanctions have already been imposed against Bashar al-Assad and other Syrian leaders. Ukraine has severed diplomatic relations with the Syrian Arab Republic, suspends and cancels interstate agreements concluded in previous years. Today, the government has proposed a final tough but absolutely adequate response to Syria's position – the introduction of sectoral sanctions against the country for 50 years. Thus, the issue of economic relations with Syria will be decided for a long time,” Minister of Economy Yulia Svyrydenko noted. 

The government proposed to introduce:

• restrictions of trade, namely a ban on export-import operations with residents of the Syrian Arab Republic, processing operations with Syria’s resident enterprises, and a ban on investments in Syria;

• complete cessation of transit, flights and transportation by residents of the SAR through the territory of Ukraine;

• suspension of economic and financial obligations in favor of SAR residents, prevention of capital withdrawal by residents outside Ukraine;

• prohibition for the National Bank to register an international payment system operated by a resident of the SAR, suspension of servicing of electronic payment instruments (including transfers, settlements and cash withdrawals) issued by residents of the Syrian Arab Republic;

• prohibition of transferring technologies and rights to intellectual property to residents of the Syrian Arab Republic;

• a ban on the entry of non-military vessels and warships flying the flag of the SAR into the territorial sea of Ukraine, its inland waters, and ports.

The sanctions will come into effect after the relevant decision of the National Security and Defense Council is made, enacted by the President and approved by a resolution of the parliament.

• Earlier, President of Ukraine Volodymyr Zelenskyy enacted the decision of the National Security and Defense Council to impose sanctions on Syrian President Bashar al-Assad.