This news release is issued in respect of the restrictive measures directed against certain persons and entities in view of the situation in Syria.
The entries for Wael Abdulkarim and Abdulkarim Group have been annulled following a Judgment of the General Court of the European Union which has now come into force.
Delisting
Individual
ABDULKARIM Wael
DOB: 30/09/1973.
POB: Danascus, Syria
a.k.a: AL KARIM, Wael
Address: Al Karim for Trade and Industry, PO Box 111, Damascus, Syria, 5797.
Other Information: Leading businessperson of Palestinian origin operating In Syria in the oil, chemicals and manufacturing industries. Specifically, he represents Abdulkarim Group, a.k.a Al Karim Group/AlKarim for Trade and Industry/Al Karim Trading and Industry/Al Karim for the Trade and Industry. Abdulkarim Group is a leading manufacturer of lubricants, greases and industrial chemicals in Syria.
Listed on: 09/03/2015 Last Updated: 18/03/2019 11/04/2019 Group ID: 13230.
Entity
ABDULKARIM GROUP
a.k.a: (1) Al Karim for Trade and Industry (2) Al Karim Group
Address: 5797 , Damascus, Syria.
Other Information: An internationally recognised Syrian conglomerate associated with Wael Abdulkarim who is listed as a leading business person operating in Syria
Listed on: [11/07/2017] Last Updated: 11/07/2017 11/04/2019 Group ID: 13492
As a consequence of the Judgment, Wael Abdulkarim and Abdulkarim Group are no longer subject to an asset freeze imposed by Council Regulation (EU) No 36/2012.
Details of the Judgments can be obtained from the Official Journal of the European Union website.
Further details of the sanctions regime related to Syria and links to the Consolidated List of Individuals and entities subject to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website
