Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

World

US moves to ease sanctions on Syria after Trump pledge

by admin May 24, 2025
May 24, 2025
US moves to ease sanctions on Syria after Trump pledge

The Trump administration issued orders Friday to begin easing sanctions on Syria, marking a major policy shift after US President Donald Trump pledged earlier this month to roll back the measures during a trip to the Middle East.

Trump administration officials had been carrying out quiet engagements for months to pave the way for sanctions relief to help the nation recover from years of a devastating war and rebuild after the toppling of ousted leader Bashar al-Assad.

On Friday, the US Treasury Department said Syria has been issued a general license that authorizes transactions involving the interim Syrian government, as well as the central bank and state-owned enterprises.

The GL25 license “authorizes transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria,” and “will enable new investment and private sector activity consistent with the President’s America First strategy,” it said in a press release.

The US State Department concurrently issued a 180-day waiver under the Caesar Act to ensure sanctions do not impede investment, and advance Syria’s recovery and reconstruction efforts, Secretary of State Marco Rubio said in a statement.

Rubio said the waivers will facilitate the provision of electricity, energy, water, and sanitation, and enable a more effective humanitarian response across Syria.

“Today’s actions represent the first step in delivering on the President’s vision of a new relationship between Syria and the United States,” Rubio said.

While in Saudi Arabia last week, where he met with Syria’s interim President Ahmed al-Sharaa, Trump announced that sanctions on Syria would be swiftly removed, taking some officials by surprise and triggering a scramble across the US government to implement the decision,

Rubio said shortly after that the US would issue waivers to Syria sanctions, which are currently required by law. Meanwhile, the administration is engaged in a complicated technical review of the sanctions, which is expected to take weeks, officials said at the time.

“If we make enough progress, we’d like to see the law repealed, because you’re going to struggle to find people to invest in a country when any in six months, sanctions could come back. We’re not there yet. That’s premature,” Rubio said.

Speaking in Saudi Arabia, Trump said he made the decision to lift sanctions after speaking with Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan.

Saudi officials had coordinated behind the scenes on the topic for months, making the case that removing sanctions would boost the Syrian economy and help to stabilize the entire region.

The Turkish government also had contacts with the US about Syria and knew about the work being done to see if the lifting of sanctions was possible, a source familiar with the matter said. The Turkish government expressed support for those efforts.

But not all US allies in the region were in favor of where Trump was headed: Israel had opposed the move and Trump ignored their objections.

Trump acknowledged last week that he “didn’t ask” Israel about the Syria sanctions relief.

“I thought it was the right thing to do,” he said as he wrapped up his tour of the Middle East.

This post appeared first on cnn.com

previous post
S&P 500 Slide Explained: What Past Price Action Reveals About Market Dips
next post
Russia attacks Ukrainian capital with missiles and drones, hours after prisoner swap begins

Related Posts

Rare black wolves caught on camera in Polish...

February 10, 2025

A rare diplomatic spat exposes growing pressures in...

February 9, 2025

Turkish police arrest four cartoonists after image authorities...

July 1, 2025

In Gaza, limited food aid meets desperate crowds...

May 24, 2025

Iran is using drones and apps to catch...

March 15, 2025

Deepfake porn is destroying real lives in South Korea

April 26, 2025

Pope Francis’ hospital treatment changed to fight ‘complex...

February 18, 2025

Iran’s president fires deputy for ‘lavish’ trip to...

April 7, 2025

UN mission in Libya calls for de-escalation after...

May 13, 2025

Ukrainian drones attack Moscow ahead of major military...

May 6, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • When will TSA lines go back to normal? Travelers may face delays for days or weeks

      April 1, 2026
    • Body found in Colombia amid search for missing U.S. flight attendant

      April 1, 2026
    • House Republicans pass DHS funding bill that Democrats call ‘dead on arrival’ in the Senate

      March 31, 2026
    • God and bitcoin: Why some Christians are going all in on cryptocurrency

      March 31, 2026
    • Insider trading concerns around oil and military moves are on the rise. Can anyone police the bets?

      March 30, 2026
    • Markets plunge and U.S. oil hits $100 as Trump’s ability to reassure Wall Street hits its limit

      March 30, 2026
    • Terms and Conditions
    • Privacy Policy

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2026 crazyflux.com | All Rights Reserved