Syria Welcomes US Sanctions Lift, Eyes Post-War Reconstruction
Syria on Saturday hailed the formal lifting of sanctions by the United States as a 'positive step' towards post-war recovery. The United States lifted comprehensive economic sanctions on Syria on Friday, marking a dramatic policy shift and opening the door for investment in the country's reconstruction.
US President Donald Trump announced the policy change during his Gulf tour earlier this month, shaking hands with Syria's interim President Ahmed al-Sharaa. Trump expressed his desire to give Syria's new leaders 'a chance at greatness' following Bashar al-Assad's overthrow in December.
'The Syrian Arab Republic welcomes the American government's decision to lift the sanctions imposed on Syria and its people for many years,' stated the foreign ministry. This move is seen as 'a positive step in the right direction to reduce humanitarian and economic struggles in the country.'
The US first imposed sanctions on Syria in 1979 under Hafez al-Assad's rule, expanding them significantly after the 2011 crackdown on anti-government protests. These sanctions targeted financial transactions and reconstruction efforts, aiming to pressure Assad's regime. New Government's Efforts
Since Assad's ouster, the new administration has sought to build relations with the West and roll back sanctions. However, some governments remained hesitant due to the Islamist past of leading figures, including Sharaa, once labeled a 'terrorist' by Washington. However, on Friday, US Treasury Secretary Scott Bessent announced the implementation of authorizations to encourage new investment in Syria. The sanctions relief comes with conditions, including ensuring Syria does not harbor terrorist organizations and protects religious and ethnic minorities.
The US State Department issued a 180-day waiver for the Caesar Act to facilitate foreign investment in Syria. Secretary of State Marco Rubio stated that the waiver would 'facilitate the provision of electricity, energy, water, and sanitation, enabling a more effective humanitarian response across Syria.' Promoting Recovery and Reconstruction
Rubio emphasized that the lifting of sanctions aims to promote 'recovery and reconstruction efforts' in Syria. Syrian Finance Minister Mohammed Barnieh highlighted that this move would aid in reconstruction, infrastructure modernization, and attract investments. Furthermore, the European Union also lifted its sanctions on Syria earlier this month. Syrian Foreign Minister Asaad al-Shaibani promised more successes in the coming months, complementing the decisions to lift American and European sanctions.
Analysts suggest that a full lifting of sanctions may take time, as some US restrictions require congressional action. Syrian authorities must also ensure an attractive environment for foreign investment to fully benefit from this policy shift.
The lifting of sanctions represents the first step in delivering on President Trump's vision of a new relationship between Syria and the United States. This move offers hope for Syria's recovery and reconstruction, paving the way for a brighter future.
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