US formally lifts sanctions on Syria
The United States on Friday lifted comprehensive economic sanctions on Syria, marking a dramatic policy shift following the end of Bashar al-Assad's regime and opening the door for new investment in the war-torn country.
Syria must "continue to work towards becoming a stable country that is at peace, and today's actions will hopefully put the country on a path to a bright, prosperous and stable future," Treasury Secretary Scott Bessent said in a statement.
The US Department of State is also issuing a waiver under Caesar Syria Civilian Protection Act (Caesar Act) that will enable America's foreign partners, allies, and the region to 'further unlock Syria's potential' – the department said in a statement.
'This is just one part of a broader U.S. government effort to remove the full architecture of sanctions imposed on Syria due to the abuses of the Bashar al-Assad regime,' it continued.
The sanctions relief 'does not allow for transactions that benefit Russia, Iran, or North Korea—key supporters of the former Assad regime,' the department declared.
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