Gross Profit Reports
  • Investing
  • Stock
  • Politics
  • Editor’s Pick
Politics

US moves to ease sanctions on Syria after Trump pledge

by May 24, 2025
written by May 24, 2025

The Trump administration issued orders Friday to begin easing sanctions on Syria, marking a major policy shift after US President Donald Trump pledged earlier this month to roll back the measures during a trip to the Middle East.

Trump administration officials had been carrying out quiet engagements for months to pave the way for sanctions relief to help the nation recover from years of a devastating war and rebuild after the toppling of ousted leader Bashar al-Assad.

On Friday, the US Treasury Department said Syria has been issued a general license that authorizes transactions involving the interim Syrian government, as well as the central bank and state-owned enterprises.

The GL25 license “authorizes transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria,” and “will enable new investment and private sector activity consistent with the President’s America First strategy,” it said in a press release.

The US State Department concurrently issued a 180-day waiver under the Caesar Act to ensure sanctions do not impede investment, and advance Syria’s recovery and reconstruction efforts, Secretary of State Marco Rubio said in a statement.

Rubio said the waivers will facilitate the provision of electricity, energy, water, and sanitation, and enable a more effective humanitarian response across Syria.

“Today’s actions represent the first step in delivering on the President’s vision of a new relationship between Syria and the United States,” Rubio said.

While in Saudi Arabia last week, where he met with Syria’s interim President Ahmed al-Sharaa, Trump announced that sanctions on Syria would be swiftly removed, taking some officials by surprise and triggering a scramble across the US government to implement the decision,

Rubio said shortly after that the US would issue waivers to Syria sanctions, which are currently required by law. Meanwhile, the administration is engaged in a complicated technical review of the sanctions, which is expected to take weeks, officials said at the time.

“If we make enough progress, we’d like to see the law repealed, because you’re going to struggle to find people to invest in a country when any in six months, sanctions could come back. We’re not there yet. That’s premature,” Rubio said.

Speaking in Saudi Arabia, Trump said he made the decision to lift sanctions after speaking with Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan.

Saudi officials had coordinated behind the scenes on the topic for months, making the case that removing sanctions would boost the Syrian economy and help to stabilize the entire region.

The Turkish government also had contacts with the US about Syria and knew about the work being done to see if the lifting of sanctions was possible, a source familiar with the matter said. The Turkish government expressed support for those efforts.

But not all US allies in the region were in favor of where Trump was headed: Israel had opposed the move and Trump ignored their objections.

Trump acknowledged last week that he “didn’t ask” Israel about the Syria sanctions relief.

“I thought it was the right thing to do,” he said as he wrapped up his tour of the Middle East.

This post appeared first on cnn.com

0 comment
0
FacebookTwitterPinterestEmail

previous post
Part of southern France suffers power cut with Cannes festival also impacted
next post
My Durable Advantage as an Investor is My Experience: Here are Seven Examples

You may also like

Carney invites Modi to G7 summit despite strained...

June 7, 2025

Kharkiv hit by ‘most powerful attack’ of entire...

June 7, 2025

Thai hostage recovered from southern Gaza in military...

June 7, 2025

An electric scooter is blamed for a violent...

June 7, 2025

Planned Russia-Ukraine prisoner swap descends into blame game...

June 7, 2025

Russia launches aerial assault on Kyiv days after...

June 6, 2025

North Korea refloats destroyer that capsized during launch,...

June 6, 2025

Trump-Xi call restores trade truce. But the supply...

June 6, 2025

China-appointed Panchen Lama vows to make religion more...

June 6, 2025

Israel confirms it is arming Hamas rivals in...

June 6, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    June 7, 2025
  • Everyone Talks About Leaving a Better Planet for Our Children: Why Don’t We Leave Better Children for Our Planet?

    June 7, 2025
  • Big Rally Ahead Should Yield All-Time High on This Index

    June 7, 2025
  • Your Weekly Stock Market Snapshot: What It Means for Your Investments

    June 7, 2025
  • From Tariffs to Tech: Where Smart Money’s Moving Right Now

    June 7, 2025

Categories

  • Editor's Pick (58)
  • Investing (147)
  • Politics (152)
  • Stock (91)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 grossprofitreports.com | All Rights Reserved


Back To Top
Gross Profit Reports
  • Investing
  • Stock
  • Politics
  • Editor’s Pick