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Financial Sanctions: Syria

Friday, 12 April 2019

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

Issued By

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