Syria Asset Freeze: 16 Entities Removed
Overview
On September 29, 2026, the Ministry of Finance announced that, based on Cabinet approval, 16 designated entities had been removed from the list and the asset freeze and other measures against them lifted. Under the Foreign Exchange and Foreign Trade Act, the measures require ministerial permission for payments and other transactions to designated persons, preventing the transfer of funds.
Key points
- Sixteen designated entities were removed from the list.
- Following their removal, the asset freeze and other measures against those entities were lifted.
- The measures require ministerial permission for payments and other transactions to designated persons, preventing the transfer of funds.
Overview
Japan has taken asset freeze and other measures against Syrian President Bashar al-Assad and related persons to contribute to international efforts for peace.
The Ministry of Finance announced that it had removed the targets based on the Cabinet approval, dated September 29, 2026, concerning the partial lifting of the asset freeze and other measures against Syrian President Bashar al-Assad and related persons.
Impact
The asset freeze and other measures against the affected parties were lifted following their removal from the designated list.
Details
Under the Foreign Exchange and Foreign Trade Act, the measures require payments and other transactions to persons designated by Ministry of Foreign Affairs notices to be authorized by the Minister of Finance and the Minister of Economy, Trade and Industry, thereby preventing the transfer of funds to those persons.