Syria welcomes U.S. decision to ease Assad-era sanctions as 'positive step'
In a statement, the Ministry said Syria 'extends its hand' to anyone that wants to cooperate with Damascus, on the condition that there is no intervention in the country's internal affairs.
The statement came after the Trump administration granted Syria sweeping exemptions from sanctions on Friday (May 23, 2025) in a major first step toward fulfilling the president's pledge to lift a half-century of penalties on a country shattered by 14 years of civil war.
Thomas Barrack, the U.S. ambassador to Turkiye who has also been appointed as special envoy for Syria, met with Syria's president and foreign minister during their visit to Turkiye on Saturday, adding the President Ahmad al-Sharaa welcomed Washington's 'fast action on lifting sanctions.' 'President Trump's goal is to enable the new government to create the conditions for the Syrian people to not only survive but thrive,' Mr. Barrack said in a statement.
Mr. Barrack said he stressed that the cessation of sanctions against Syria will preserve the integrity 'of our primary objective — the enduring defeat of' the Islamic State group, also known as IS or ISIS. He added that it will give Syrians a chance for a better future.
'I also commended President al-Sharaa on taking meaningful steps towards enacting President Trump's points on foreign terrorist fighters, counter-ISIS measures, relations with Israel, and camps and detention centres in Northeast Syria,' Mr. Barrack said.
He was referring to detention centres where thousands of IS members are held and two camps where their families stay in areas currently controlled by the U.S.-backed and Kurdish-led Syrian Democratic Forces.
A measure by the State Department waived for six months a tough set of sanctions imposed by Congress in 2019. A Treasury Department action suspended enforcement of sanctions against anyone doing business with a range of Syrian individuals and entities, including Syria's central bank.
The congressional sanctions, known as the Caesar Syria Civilian Protection Act, had aimed to isolate Syria's previous rulers by effectively expelling those doing business with them from the global financial system. They specifically block post-war reconstruction, so while they can be waived for 180 days by executive order, investors are likely to be wary of reconstruction projects when sanctions could be reinstated after six months.
The Trump administration said Friday's actions were 'just one part of a broader U.S. government effort to remove the full architecture of sanctions.' Those penalties had been imposed on the Assad family for their support of Iranian-backed militias, their chemical weapons program and abuses of civilians.
Mr. Trump said during a visit to the region earlier this month that the US would roll back the heavy financial penalties in a bid to give the interim government a better chance of survival.
Damascus resident Nael Kaddah said now that the sanctions are being eased, the country will flourish again. He said Syrians will be able to transfer money freely, unlike in the past when there were several companies that monopolized the business and took large commissions on transfers.
'Now any citizen can receive a transfer from anywhere in the world,' he said.
Syria's foreign ministry said dialogue and diplomacy are the best way to build 'balanced relations that achieve the interest of the people and strengthen security and stability in the region.' It added that the coming period in Syria will be reconstruction and restoring 'Syria's natural status' in the region and around the world.
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Vijay L Bhambwani's Ticker: Retail bulls latching on to slender hope
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