On Friday, the US Treasury announced the lifting of the sanctions for Syrian President Ahmed Al -Shara and the Minister of Interior Anas Al -Khattab. The sanctions were also lifted from the Syrian Central Bank, Syrian Airlines, Radio and Television, in addition to the ports of Latakia and Tartous.
Reducing penalties according to Trump’s decision
The American treasury had issued an immediate decision to reduce the sanctions against Syria, stressing that the decision is in line with the announcement of US President Donald Trump to lift all the sanctions imposed on Syria. The US State Department indicated that it would be exempted under the “Caesar Law” to protect civilians.
Open the door for new investments
The decision provides new investments in Syria and private sector activities, noting that the move represents the beginning of broader efforts to gradually lift US sanctions. Treasury Secretary Scott Besent stressed the importance of Syria’s continued work towards stability and peace.
Temporary exemption for 180 days
A US State Department official announced that Minister Marco Rubio issued a temporary exemption for 180 days of penalties imposed under the “Caesar Law”. Rubio considered this exemption a first step towards achieving President Trump’s vision of the new relationship between Syria and America.
The role of Saudi Arabia and Trump’s decision
The decision to lift the sanctions comes at the request of Saudi Crown Prince Mohammed bin Salman, where Trump announced in Riyadh that he had taken this decision to give the Syrians a new opportunity. In the same context, the European Union announced its approval to lift economic sanctions on Syria.
Reconstruction challenges and economics opportunities
The new Syrian authorities are seeking to advance the economy in preparation for the start of the recovery phase after 14 years of conflict. The United Nations estimates that Syria needs about $ 400 billion for reconstruction, especially with the widespread destruction of infrastructure, electricity sectors and facilities.
