The U.S. Treasury Department Discusses with Syria the Reintegration of the Economy into the International Financial System
September 18, 202573 ViewsRead Time: 1 minutes
Font Size:
16
The U.S. Treasury Department announced today, Thursday, that it is working in coordination with the State Department to reintegrate the Syrian economy into the international financial system, as part of a "safe and responsible" vision that ensures the continuation of efforts to combat terrorism financing and enhance financial transparency.
This came during an official meeting held today in Washington, which brought together Syrian Foreign Minister Asaad Al-Shibani with U.S. officials, including Special Envoy Tom Barak, where both parties discussed mechanisms for financial and economic cooperation, and ways to ease restrictions that hinder investment and international transfers to Syria.
This meeting is considered a significant step in the path of political and economic openness between Damascus and Washington, especially after increasing calls within Congress to reconsider the sanctions imposed on Syria, foremost among them the Caesar Act.
The Treasury Department confirmed that any future steps will be taken under strict controls to ensure that funds do not leak to illegal entities, with a focus on supporting vital sectors that serve civilians and contribute to reconstruction.
This came during an official meeting held today in Washington, which brought together Syrian Foreign Minister Asaad Al-Shibani with U.S. officials, including Special Envoy Tom Barak, where both parties discussed mechanisms for financial and economic cooperation, and ways to ease restrictions that hinder investment and international transfers to Syria.
This meeting is considered a significant step in the path of political and economic openness between Damascus and Washington, especially after increasing calls within Congress to reconsider the sanctions imposed on Syria, foremost among them the Caesar Act.
The Treasury Department confirmed that any future steps will be taken under strict controls to ensure that funds do not leak to illegal entities, with a focus on supporting vital sectors that serve civilians and contribute to reconstruction.
