Syria Hails US Lifting of Assad-Era Sanctions
- The US Treasury Department announced on Friday the conditional lifting of sanctions on Syria's new government following Assad's ouster in December 2024.
- This decision comes after more than a decade of conflict in Syria, which resulted in the deaths of hundreds of thousands and caused severe damage to the nation’s infrastructure, leading to urgent demands for rebuilding efforts and humanitarian support.
- The new sanctions relief authorizes investments, financial services, and petroleum product transactions, while requiring Syria not to harbor terrorists and to protect minorities.
- On Friday, the US Treasury highlighted that the new authorizations aim to promote fresh investment opportunities, while the Secretary of State, Marco Rubio, described these measures as an initial move toward realizing the president’s goal of establishing a renewed relationship with Syria.
- While Syria and the EU welcome the move as positive for recovery, analysts caution that full sanctions removal may need congressional approval and will take time.
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Syria welcomes US decision to lift sanctions, sees new opportunities for growth
US President Donald Trump surprised many with his announcement of the new policy on a Gulf tour earlier this month, during which he shook hands with Syria's jihadist-turned-interim President Ahmed al-Sharaa
·Mumbai, India
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Leaning Left7Leaning Right4Center3Last UpdatedBias Distribution50% Left
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