The US Department of Finance issued a general license providing for immediate softening of sanctions against Syria.
This step was the first after the statement of US President Donald Trump about the intention to cancel the sanctions imposed against Syria.
The statement of the American Treasury says that the license was issued in order to implement the President’s decision to mitigate the sanctions regime.
“This General License is actually permitted by all operations that are previously prohibited by the Regulation on Syrian sanctions, with the exception of transactions with the participation of persons under locking,” the document says.
emphasizes that the license will open the way for new investments and expanding the activities of the private sector in Syria as part of the America strategy, first of all.
“This is only part of the wider efforts of the US government to cancel the set of sanctions imposed in response to the actions of the Bashar Assad regime,” the statement said.
It is also reported that the United States intends to support Syria on the way to the formation of a “stable, unified state living in peace with itself and its neighbors”, and will also continue to monitor the development of the situation in the country.
According to the document, the license allows us to conduct economic activity in all sectors of the Syrian economy. However, transactions in favor of Russia, Iran or North Korea – countries called the “main allies of the former Assad regime” – are still prohibited.
The US government announces the intention to promote the restoration of the Syrian economy, the financial sector and infrastructure, which, as emphasized, is important from the point of view of American foreign policy interests. Particular attention is paid to attracting foreign investments and providing comprehensive support.
The General License resolves transactions previously prohibited by American economic sanctions, including: new investments in Syria, the provision of financial and other services, operations related to oil and oil products of Syrian origin.
transactions with Syria President Ahmed al-Sharaa, his government, the Central Bank of Syria, a number of Syrian banks, energy companies and state institutions.