Close Menu
World Forbes – Business, Tech, AI & Global Insights
  • Home
  • AI
  • Billionaires
  • Business
  • Cybersecurity
  • Education
    • Innovation
  • Money
  • Small Business
  • Sports
  • Trump
What's Hot

Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows

June 19, 2025

Our song of the summer predictions for 2025

June 19, 2025

Tech tips for tracking pets

June 19, 2025
Facebook X (Twitter) Instagram
Trending
  • Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows
  • Our song of the summer predictions for 2025
  • Tech tips for tracking pets
  • South Korea’s last circus, Dongchoon, marks centennial
  • Billionaire Jorge Pérez Plans To Beat Trump’s Immigration Crackdown
  • AP lifestyles reporter discusses chair yoga
  • A Minnesota man cuts short his biking trip in Iran as conflict with Israel breaks out
  • Owners’ anxiety can rub off on pets
World Forbes – Business, Tech, AI & Global InsightsWorld Forbes – Business, Tech, AI & Global Insights
Friday, June 20
  • Home
  • AI
  • Billionaires
  • Business
  • Cybersecurity
  • Education
    • Innovation
  • Money
  • Small Business
  • Sports
  • Trump
World Forbes – Business, Tech, AI & Global Insights
Home » US lifts first sanctions on Syria following Trump’s surprise announcement | Donald Trump News
Trump

US lifts first sanctions on Syria following Trump’s surprise announcement | Donald Trump News

adminBy adminMay 23, 2025No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email
Post Views: 40


The administration of United States President Donald Trump has taken its first concrete action to deliver sanctions relief for Syria, following a surprise policy pivot earlier this month.

On Friday, the US Department of the Treasury announced sweeping relief to an array of individuals and entities, which it said will “enable new investment and private sector activity consistent with [Trump’s] America First strategy”.

The US State Department, meanwhile, concurrently issued a waiver to a 2019 law, the Caesar Syria Civilian Protection Act, that would “enable our foreign partners, allies, and the region to further unlock Syria’s potential”.

Trump surprised the international community when, on May 13, he pledged to remove sanctions placed on Syria during the leadership of its now-ousted leader, President Bashar al-Assad.

Friday’s announcements mark an initial step towards that goal, as Syria recovers from abuses under al-Assad’s government and 13 years of civil war.

“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 a 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”.

Sanctions relief is critical for Syria to move forward. The United States is issuing a Caesar Act sanctions waiver to increase investments and cash flows that will facilitate basic services and reconstruction in Syria. We support the Syrian people’s efforts to build a more…

— Secretary Marco Rubio (@SecRubio) May 23, 2025

Trump first unveiled his plans for sanctions relief during a tour of the Middle East in mid-May. He said lifting US sanctions would give Syria “a chance at greatness”, since the restrictions left the war-torn country economically isolated.

“It’s their time to shine. We’re taking them all off,” he said from Riyadh.

Shortly after, Trump met and shook hands with Syrian leader Ahmed al-Sharaa, who had only recently been removed from the US’s “Specially Designated Global Terrorist” list.

Appeal for relief

Calls for sanctions relief had grown following the fall of al-Assad’s government last December. As head of the Hayat Tahrir al-Sham (HTS) group, al-Sharaa spearheaded the offensive that led to al-Assad fleeing the country, bringing the civil war to an end.

The war, which first broke out in 2011, had left Syria’s economy in tatters.

As many as 656,493 people were killed during the conflict, according to the Syrian Observatory for Human Rights, and a 2020 report from the United Nations estimated that the country suffered total economic losses of about $442.2bn in the first eight years of the war alone.

Sanctions have further dampened Syria’s economic outlook, making it difficult for countries with ties to the US to conduct business there.

Since taking power in December, Syria’s interim government has argued the ongoing sanctions, largely imposed during al-Assad’s rule, would slow development and cause further instability.

Trump’s announcement earlier this month buoyed hope for many Syrians of a new path forward, although the extent of the relief had remained unclear.

Earlier this week, the European Union also announced it had lifted sanctions against Syria.

Friday’s sanctions relief in the US applies to the “the Government of Syria … as in existence on or after May 13, 2025”, according to the Treasury Department.

The reprieve also applies to several previously sanctioned transportation, banking, tourism and fossil fuel entities.

Transactions related to Russia, Iran and North Korea remain under US sanctions.

One of the biggest hurdles, however, is the Caesar Syria Civilian Protection Act, a law that was passed in 2019, during Trump’s first term.

It included broad sanctions that targeted al-Assad’s government and its allies and supporters for atrocities committed against civilians.

The act was named after a former Syrian military photographer and whistleblower who smuggled out of the country a cache of images showing torture and mass killing at detention centres run by al-Assad’s security forces.

But since the law was passed by Congress, it will likely take an act of Congress to completely lift its restrictions.

The president, however, can issue temporary waivers to the law, which is what the Trump administration did on Friday.

In a statement, Secretary of State Marco Rubio said the waiver will last for 180 days, in order to “increase investments and cash flows that will facilitate basic services and reconstruction in Syria”.

“We support the Syrian people’s efforts to build a more hopeful future,” Rubio said.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Trump says China’s Xi ‘hard to make a deal with’ amid trade dispute | Donald Trump News

June 4, 2025

Donald Trump’s 50% steel and aluminium tariffs take effect | Business and Economy News

June 4, 2025

South Korea’s Lee promises to ‘heal wounds’ in first address as president | Elections News

June 4, 2025

As Trump raises deportation quotas, advocates fear an expanding ‘dragnet’ | Donald Trump News

June 4, 2025

Family of suspect in Colorado firebomb attack held in immigration custody | Donald Trump News

June 3, 2025

Elon Musk slams Trump’s signature budget bill as a ‘disgusting abomination’ | Elon Musk News

June 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
Billionaires

Billionaire Jorge Pérez Plans To Beat Trump’s Immigration Crackdown

June 18, 2025

Jorge Pérez made his fortune selling luxury condos in South Florida. Now the wealthy immigrant…

Indian Creek Property Near Jeff Bezos Just Sold For Over $100 Million

June 17, 2025

How Much Is Barron Trump Worth?

June 17, 2025

Trump Just Disclosed Earning $57.4 Million From World Liberty Financial—Here’s What We Know

June 16, 2025
Our Picks

Tariff threats, wars will slow but not collapse global luxury sales in 2025, new study shows

June 19, 2025

Our song of the summer predictions for 2025

June 19, 2025

Tech tips for tracking pets

June 19, 2025

South Korea’s last circus, Dongchoon, marks centennial

June 18, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to World-Forbes.com
At World-Forbes.com, we bring you the latest insights, trends, and analysis across various industries, empowering our readers with valuable knowledge. Our platform is dedicated to covering a wide range of topics, including sports, small business, business, technology, AI, cybersecurity, and lifestyle.

Our Picks

After Klarna, Zoom’s CEO also uses an AI avatar on quarterly call

May 23, 2025

Anthropic CEO claims AI models hallucinate less than humans

May 22, 2025

Anthropic’s latest flagship AI sure seems to love using the ‘cyclone’ emoji

May 22, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
© 2025 world-forbes. Designed by world-forbes.

Type above and press Enter to search. Press Esc to cancel.