Al Sharqiya

Damascus - ALsharqiya, May 24: The United States has officially lifted economic sanctions on Syria, paving the way for new investments in the war-torn country. The US Treasury issued a general license authorizing transactions involving the Syrian government, the central bank, and state-owned enterprises. The US Treasury said the general license authorizes transactions prohibited under the Syrian sanctions regulations and allows for new private sector investments and activities, consistent with President Trump's "America First" strategy. US Treasury Secretary Scott Besant said in a statement that Syria must continue to work toward becoming a stable and peaceful country. The US State Department also issued a sanctions waiver enabling foreign partners and allies to participate in Syria's reconstruction. Secretary of State Marco Rubio said in a statement that he issued a 180-day waiver of sanctions imposed on Syria under the Caesar Act to ensure that sanctions do not hinder investments and facilitate the provision of electricity, energy, water, healthcare, and humanitarian relief efforts. Rubio emphasized that these actions represent the first step in realizing President Trump's vision for a new relationship between Syria and the United States, adding that the US administration expects that the easing of sanctions will be followed by action by the Syrian government.