Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

World News

US moves to ease sanctions on Syria after Trump pledge

by 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“If we make enough progress, we’d like to see the law repealed, because you’re going to struggle to find people to invest in a country when any in six months, sanctions could come back.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
0
FacebookTwitterGoogle +Pinterest
previous post
Mexican singer Julion Alvarez postpones Texas show after US visa allegedly revoked
next post
Israel is facing unprecedented pressure from allies over its war on Gaza. Can they force it to change its ways?

You may also like

Nearly 3,000 people killed after rebels seize key...

February 6, 2025

Dalai Lama says his successor will be born...

March 11, 2025

Man randomly stabs 5 passersby in southern Austria,...

February 15, 2025

Hamas submits ‘positive response’ to ceasefire proposal in...

July 4, 2025

Fire at Tesla dealership near Rome destroys 17...

March 31, 2025

Israel intercepts missile launched by Yemen’s Houthi rebels

March 20, 2025

Thai court orders election-winning party to dissolve in...

August 7, 2024

A toddler cried non-stop during a flight. Two...

August 30, 2024

Fifth body recovered from sunken superyacht deemed ‘unsinkable’...

August 22, 2024

Israeli strike reportedly kills Hezbollah spokesperson as group...

November 18, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

    • At least four killed and many ‘kidnapped’ in second Houthi attack in a week on Red Sea cargo ship

      July 10, 2025
    • Universities threatened with funding cuts under proposed plan to tackle antisemitism in Australia

      July 10, 2025
    • South Korea’s former President Yoon Suk Yeol back in custody over insurrection probe

      July 10, 2025
    • Deadly strikes on Kyiv as Russia continues ferocious bombardment of Ukraine for second night

      July 10, 2025
    • Trump taps Sean Duffy to serve as interim NASA chief

      July 10, 2025
    • Watchdog backs Rubio’s sanctions on UN official over ‘shameful efforts’ targeting US, Israel

      July 10, 2025

    Categories

    • Business (710)
    • Investing (661)
    • Politics (4,844)
    • World News (3,210)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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 © 2024 WhaleLargeCapital.com | All Rights Reserved