US President Donald Trump signed an executive order to lift economic sanctions on Syria, aiming to support stability and peace. The order ends Syria's financial isolation, enabling global commerce and investment. In May, Washington granted Syria significant exemptions from sanctions in a preliminary move to fulfill Trump's commitment to lift longstanding penalties caused by the civil war. However, sanctions against former President Bashar al-Assad and others involved in human rights abuses remain in place, and Congress-approved sanctions targeting Syria's military continue to apply.
The executive order is meant to "end the country's isolation from the international financial system, setting the stage for global commerce and galvanizing investments from its neighbours in the region, as well as from the United States," said Brad Smith, US Treasury's acting undersecretary for terrorism and financial intelligence.
Washington granted Syria sweeping exemptions from sanctions in May, which was a first step towards fulfilling Trump's pledge to lift the half-a-century old penalties on a country shattered by 13 years of brutal civil war.
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