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Gulf Insider
25-05-2025
- Business
- Gulf Insider
US Removes Syria Sanctions In Implementation Of Trump's 'Fresh Start' Vision
The White House on Friday began easing sanctions on Syria, in fulfillment of President Trump's promise to give the war-torn country a new chance and put it on the path to 'greatness'. 'I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness,' Trump had first announced in an investment forum in Riyadh last week, where he met President Sharaa (Jolani), who is the founder of al-Qaeda in Syria. But Trump still expressed hope that the new government would 'succeed in stabilizing the country.' Secretary of State Marco Rubio days later admitted in a Senate hearing that the new leadership in Damascus 'didn't pass their background check with the FBI' – which is of course an understatement given Jolani even had been with ISIS early in his jihadi 'career'. The Treasury Department confirmed that it has issued General License 25 (GL25), authorizing previously prohibited transactions under the Syrian Sanctions Regulations (SSR), and further Rubio issued a 180-day waiver of the Caesar Syria Civilian Protection Act, suspending some of the harshest measures passed by Congress in 2019. 'Today's actions represent the first step in delivering on the President's vision of a new relationship between Syria and the United States,' the secretary of state announced. 'President Trump is providing the Syrian government with the chance to promote peace and stability, both within Syria and in Syria's relations with its neighbors.' Western officials have unwittingly admitted that sanctions are a tool of regime change, regardless of the horrific impact they have on millions of common citizens… Syria has reportedly been reconnected to the SWIFT international payment system, and the Treasury action paves the way for American entities dealing Syria's central government, Central Bank of Syria and other banks, as well as energy firms, and telecommunications providers, etc. Click here to read more…
Time of India
24-05-2025
- Business
- Time of India
'To advance reconstruction': US moves to ease sanctions on Syria
US President Donald Trump (center) meets with Saudi Arabia's Crown Prince Mohammed bin Salman (right) and Syrian President Ahmed al-Sharaa (left) in Riyadh Trump (middle) (AP) The Trump administration on Friday began rolling back longstanding sanctions on Syria, marking the first formal steps toward re-engagement with the war-torn nation. The move follows President Donald Trump's unexpected announcement earlier this month, signaling a new approach aimed at supporting the rebuilding of Syria after over a decade of civil war. The US treasury department announced an array of relief to a number of individuals and entities, It issued General License 25, authorizing transactions with Syria's interim government led by President Ahmed al-Sharaa, including dealings with the Syrian central bank and state-owned enterprises. This move effectively lifts many sanctions to facilitate economic recovery. 'GL 25 will enable new investment and private sector activity consistent with the President's America First strategy,' said a statement by the treasury. The state department headed by Marco Rubio complimented the issuance by waiving the 2019 Caesar Syria Civilian Protection Act (Caesar Act) for 180 days, 'that will enable our foreign partners, allies, and the region to further unlock Syria's potential, to make stability-driving investments, and advance Syria's recovery and reconstruction efforts,' the statement said. 'Today's actions represent the first step in delivering on the President's vision of a new relationship between Syria and the United States. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo President Trump is providing the Syrian government with the chance to promote peace and stability,' Rubio said. Rubio added that President Trump has made clear his expectation that relief will be followed by prompt action by the Syrian government on important policy priorities. As said by his treasury secretary Scott Bessent, 'The President has made clear his expectation that relief will be followed by prompt action by the Syrian government on important policy priorities. Syria must also 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,' Trump initially announced his intention to ease sanctions on Syria during a tour of the Middle East earlier this month, saying that lifting the restrictions would offer the war-ravaged nation 'a chance at greatness' after years of economic isolation. 'It's their time to shine. We're taking them all off,' he declared while speaking in Riyadh. Soon after, Trump held a meeting and handshake with Syrian President Ahmed al-Sharaa, who had only recently been delisted from the US government's 'specially designated global terrorist' registry. The US has outlined specific conditions for Syria to meet for continued sanctions relief, including the removal of foreign militants, cooperation in counter-ISIS efforts, and the integration of US.-backed Kurdish forces. In alignment with this policy shift, Tom Barrack, the US ambassador to Turkey and a longtime advisor to President Trump, has been appointed as the US Special Envoy for Syria. His role will be pivotal in coordinating efforts to support Syria's post-war reconstruction and in implementing the new strategy . Syria's Foreign Ministry welcomed the US measures, describing them as a positive step towards humanitarian and economic development. The sanctions being lifted primarily targeted the former Assad regime, which was overthrown after a 14-year civil war .
