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Japan lifts asset freezes on 16 Syrian entities

Japan removed 16 Syrian entities, including ministries, banks and state companies, from an asset-freeze list imposed under its Syria sanctions. The cabinet decision and Foreign Ministry notice take effect on September 29. Tokyo says other listings remain in force, so the step is a partial easing rather than an end to all Syria sanctions. Its economic effect has yet to be measured.

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Blank folders sit on a Japanese government meeting table as a formal decision is prepared.

Tokyo removes sixteen listings

Japan’s cabinet agreed on September 29 to remove asset-freeze measures against 16 Syrian entities. The Foreign Ministry issued the corresponding notice, and broadcaster TV Asahi reported the cabinet spokesman’s announcement. The delisted bodies include Syria’s defence and interior ministries, banks, telecommunications company Syriatel and state oil businesses. This is a legal change to Japan’s list, not an announcement that every Syria-related restriction has ended.[1], [2]

Assad-era sanctions narrow again

Tokyo began freezing assets tied to the Assad-era government in 2011. After that government fell in December 2024, Japan removed some restrictions in May 2025. Tuesday’s decision removes sixteen further entities, rather than repeating that earlier step. The ministry says measures remain against 59 individuals and 15 entities. Its new notice includes the Commercial Bank of Syria, Syria International Islamic Bank and oil companies among the bodies now removed.[1]

Reconstruction is cited as a reason

The Foreign Ministry cited developments in Syria and the state of bilateral relations. Japan’s cabinet spokesman told TV Asahi that the decision moves in step with other countries and that many of the entities could contribute to reconstruction. Those are the government’s expectations. Neither the ministry nor the broadcaster reported a measured increase in banking activity or oil trade resulting from the delisting. The remaining names on the list set the limit of this partial easing.[1], [2]

References

  1. News sourceMinistry of Foreign Affairs of JapanJapan removes asset freezes on 16 Syrian entities↩1↩2↩3
  2. News sourceTV AsahiJapan decides to lift Syria sanctions on 16 entities↩1↩2