Washington: The United States has raised complete economic sanctions against Syria on Friday, marking a spectacular change in policy after the end of the Bashar al-Assad regime and opening the door to a new investment in the war torn by the war.
Syria must “continue to work to become a stable country that is at peace, and today will hope, the country on a way to a brilliant, prosperous and stable future,” said Treasury Secretary Scott Bessent in a statement.
This decision offered a decision announced by President Donald Trump last week.
During a tour in the Middle East, Trump unexpectedly announced that he raised “brutal and paralyzing” sanctions from the Assad era against Syria in response to the requests of Turkey and Saudi Arabia.
The relief of the sanctions extends to the new government of Syria with conditions that the country does not provide refuge to terrorist organizations and ensures the security of religious and ethnic minorities, the Treasury said.
The State Department simultaneously issued a renunciation allowing foreign partners and allies to participate in the reconstruction of Syria, giving companies the green light to do business in the country.
The authorization covers new investments in Syria, providing financial services and transactions involving Syrian petroleum products.
It also authorizes relations with the new Syrian government and some previously blocked entities.
The United States has imposed radical restrictions on financial transactions with Syria during the country’s 14-year civil war and clearly indicated that it would use sanctions to punish any person involved in reconstruction as long as ASAD would remain in power.
After a campaign led by the Islamists last year which overthrew Assad, the new government of Syria sought to rebuild relations with Western governments and to retreat the sanctions by punishing.
