On 26 January, the Council of the European Union issued Council Implementing Decision (CFSP) 2015/117 concerning restrictive measures against Syria, relisting Aiman Jaber, Khaled Kaddour, and Mohamad Hamcho (collectively, the “Designated Individuals”), and Hamcho International in the EU’s sanctions list on Syria. This follows a decision by the General Court of the European Union on 13 November 2014 to annul their designations (see our Client Update of 26 November 2014).
The Designated Individuals are prominent Syrian businessmen. The Council’s revised statement of reasons provides details of their association with Maher al-Assad, President Bashar al-Assad’s brother, and other key figures of the Syrian regime, as well as their benefit from and active support to the regime. Hamcho International is a large Syrian holding company owned by Mohamad Hamcho.