The US Treasury has imposed sanctions on two Syrian companies, Al-Fadel Exchange and Al-Adham Exchange Company, bypassing previously imposed restrictions in connection with supporting the country’s authorities’ access to the global financial system. This was reported by the press service departments.
“The U.S. Treasury has sanctioned two Syrian financial institutions,” the publication says.
According to the US Treasury Department, the Bashar al-Assad regime in Syria, its Hezbollah allies, and the Iranian Revolutionary Guards Corps (IRGC) have secretly helped Quds forces maintain access to the international financial system.
In addition, three individuals who own and operate the Al-Fadel Exchange were also subject to restrictive measures.
Former US President Joe Biden for another year elongated Unilateral sanctions regime against Syria.