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Syria NewsEconomy

Europe lifts sanctions and America supports investment: a new phase for Syria.

May 28, 20252 ViewsRead Time: 2 minutes
Europe lifts sanctions and America supports investment: a new phase for Syria.
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In a notable development reflecting a shift in U.S. policy towards Syria, U.S. State Department spokesperson Tammy Bruce announced that President Donald Trump's administration is working to rally international support to revive the Syrian economy, in collaboration with regional and global partners to attract investments to the country. On the other hand, the European Union announced the lifting of economic sanctions on Syria, except for measures related to security considerations. The decision included the exclusion of 24 Syrian entities from the blacklist, including the central bank and companies operating in the oil, gas, electricity, and transportation sectors. Restrictions on the energy and transportation sectors were also suspended, allowing funds and economic resources to be placed under the control of the Syrian central bank. In a practical step towards enhancing infrastructure, the Syrian government announced the signing of an agreement with four companies to develop the power grid, which will contribute to providing around 5000 megawatts of energy through the development of gas turbines and solar power stations. These developments come at a critical time, as the European Union closely monitors the situation in Syria, prepared to impose sanctions on human rights violators, putting pressure on the Syrian government to adhere to international standards.
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