; significant financial services A transaction or transactions or financial services shall be determined to be significant for purposes of this section in accordance with section 566.404 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling). (7) Syria The term Syria has the meaning given such term in section 542.316 of title 31, Code of Federal Regulations (or any corresponding similar regulation or ruling). 202. Sanctions with respect to the transfer of arms and related materials to Syria (a) Imposition of sanctions (1) In general The President shall impose on a foreign person the sanctions described in subsection (b) if the President determines that such foreign person has, on or after the date of the enactment of this Act, knowingly exported, transferred, or otherwise provided to Syria significant financial, material, or technological support that contributes materially to the ability of Government of Syria to— (A) acquire or develop chemical, biological, or nuclear weapons or related technologies; (B) acquire or develop ballistic or cruise missile capabilities; (C) acquire or develop destabilizing numbers and types of advanced conventional weapons; (D) acquire defense articles, defense services, or defense information (as such terms are defined under the Arms Export Control Act ( 22 U.S.C. 2751 et seq.)); or (E) acquire items designated by the President for purposes of the United States Munitions List under section 38(a)(1) of the Arms Export Control Act ( 22 U.S.C. 2778(a)(1) ). (2) Applicability to other foreign persons The sanctions described in subsection (b) shall also be imposed on any foreign person that— (A) is a successor entity to a foreign person described in paragraph (1)