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US and EU Lift Sanctions on Syria to Support Reconstruction

The US Treasury and State Departments issued sanctions waivers, marking a policy shift to aid Syria's recovery under its new interim government.

Overview

  • The US Treasury Department issued General License 25, effectively lifting sanctions on Syria's interim government and facilitating foreign investment and trade.
  • The State Department granted a 180-day waiver under the Caesar Act to ensure sanctions do not obstruct reconstruction and humanitarian efforts.
  • Sanctions relief is conditional on Syria not providing safe haven for terrorist groups and guaranteeing security for religious and ethnic minorities.
  • Syria's new interim government, led by Ahmed al-Sharaa, is restructuring institutions like the Interior Ministry to improve security and attract foreign partnerships.
  • The European Union has also lifted its sanctions on Syria, aligning with US efforts to promote economic recovery and stability in the war-torn country.