Usa Stocks Insider
  • Business
  • World
  • Investing
  • Stocks

Usa Stocks Insider

  • Business
  • World
  • Investing
  • Stocks
World

US moves to ease sanctions on Syria after Trump pledge

by admin May 24, 2025
May 24, 2025
US moves to ease sanctions on Syria after Trump pledge

The Trump administration issued orders Friday to begin easing sanctions on Syria, marking a major policy shift after US President Donald Trump pledged earlier this month to roll back the measures during a trip to the Middle East.

Trump administration officials had been carrying out quiet engagements for months to pave the way for sanctions relief to help the nation recover from years of a devastating war and rebuild after the toppling of ousted leader Bashar al-Assad.

On Friday, the US Treasury Department said Syria has been issued a general license that authorizes transactions involving the interim Syrian government, as well as the central bank and state-owned enterprises.

The GL25 license “authorizes transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria,” and “will enable new investment and private sector activity consistent with the President’s America First strategy,” it said in a press release.

The US State Department concurrently issued a 180-day waiver under the Caesar Act to ensure sanctions do not impede investment, and advance Syria’s recovery and reconstruction efforts, Secretary of State Marco Rubio said in a statement.

Rubio said the waivers will facilitate the provision of electricity, energy, water, and sanitation, and enable a more effective humanitarian response across Syria.

“Today’s actions represent the first step in delivering on the President’s vision of a new relationship between Syria and the United States,” Rubio said.

While in Saudi Arabia last week, where he met with Syria’s interim President Ahmed al-Sharaa, Trump announced that sanctions on Syria would be swiftly removed, taking some officials by surprise and triggering a scramble across the US government to implement the decision,

Rubio said shortly after that the US would issue waivers to Syria sanctions, which are currently required by law. Meanwhile, the administration is engaged in a complicated technical review of the sanctions, which is expected to take weeks, officials said at the time.

“If we make enough progress, we’d like to see the law repealed, because you’re going to struggle to find people to invest in a country when any in six months, sanctions could come back. We’re not there yet. That’s premature,” Rubio said.

Speaking in Saudi Arabia, Trump said he made the decision to lift sanctions after speaking with Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan.

Saudi officials had coordinated behind the scenes on the topic for months, making the case that removing sanctions would boost the Syrian economy and help to stabilize the entire region.

The Turkish government also had contacts with the US about Syria and knew about the work being done to see if the lifting of sanctions was possible, a source familiar with the matter said. The Turkish government expressed support for those efforts.

But not all US allies in the region were in favor of where Trump was headed: Israel had opposed the move and Trump ignored their objections.

Trump acknowledged last week that he “didn’t ask” Israel about the Syria sanctions relief.

“I thought it was the right thing to do,” he said as he wrapped up his tour of the Middle East.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
Israel is facing unprecedented pressure from allies over its war on Gaza. Can they force it to change its ways?
next post
Several people sustain ‘life-threatening’ injuries in knife attack at Hamburg’s Central Station, police say

You may also like

Kharkiv hit by ‘most powerful attack’ of entire...

June 7, 2025

Trump-Xi call restores trade truce. But the supply...

June 6, 2025

Cologne evacuates 20,000 people after three World War...

June 4, 2025

Member of Irish hip hop trio Kneecap charged...

May 22, 2025

Many US families depend on immigrant nannies. Trump’s...

May 30, 2025

Israel confirms it is arming Hamas rivals in...

June 7, 2025

How Rotimi and Vanessa Mdee’s chance romance became...

May 30, 2025

Inside the Bayesian’s final moments: extreme winds sank...

May 15, 2025

Putin didn’t budge in Ukraine peace talks. Now...

June 3, 2025

As Ukraine batters Russia with daring assaults, firebrand...

June 4, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Dozens killed by Israeli fire as they sought desperately needed aid in Gaza, Palestinian health ministry says

      June 18, 2025
    • US man arrested in Greece after bodies of infant and her mother found in Roman park

      June 18, 2025
    • One number could define the Iran-Israel conflict’s outcome

      June 18, 2025
    • Taking on Israel’s greatest foe has banished Netanyahu’s political troubles in an instant

      June 18, 2025
    • Spain says April blackout was caused by grid failures and poor planning, not a cyberattack

      June 18, 2025

    Categories

    • Business (73)
    • Investing (260)
    • Stocks (140)
    • World (297)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: usastocksinsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 usastocksinsider.com | All Rights Reserved