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(Bloomberg) — The US has taken a major step toward easing severe sanctions on Syria imposed during the Assad dictatorship, which was overthrown by rebels last December after a nearly 14-year civil war.
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The “immediate sanctions relief” was announced by the Treasury Department on Friday, more than a week after President Donald Trump met the nation’s new leader, Ahmed Al-Sharaa, in Saudi Arabia.
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“As President Trump promised, the Treasury Department and the State Department are implementing authorizations to encourage new investment into Syria,” Treasury Secretary Scott Bessent said in statement. “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.”
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Earlier: Trump Will Seek 180-Day Waiver to Congress Sanctions on Syria
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The decision allows Syria to again conduct business with the US and its trading partners, but it does not completely lift the array of restrictions, which cover everything from finance to energy. While the president can ease some sanctions that were issued by executive order, Congress would then have to repeal the 2019 Caesar Syria Civilian Protection Act, which penalizes almost anyone who tries to do business with Syria.
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Secretary of State Marco Rubio said last week that the Trump administration would offer Syria initial economic relief by seeking a 180-day waiver to sanctions imposed by Congress, with the longer-term goal of removing the restrictions entirely.
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Syria was originally designated a state sponsor of terrorism by the Carter administration in 1979, when President Hafez al-Assad ruled the country. His son and successor, Bashar al-Assad, fled to Moscow as rebel forces descended on Damascus.
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