Trump administration drops sanctions on Syria

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Title : Trump administration drops sanctions on Syria
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“Today’s actions will hopefully put the country on a path to a bright, prosperous and stable future,” stated Scott Bessent, the U.S. treasury secretary. The U.S. Treasury Department announced on Friday that it has dropped virtually all sanctions against Syria. The department’s issuing of a general license for transactions previously prohibited under the Syrian Sanctions Regulations and a waiver of the sanctions imposed under the Caesar Syria Civilian Protection Act amounts to “effectively lifting sanctions on Syria,” per the department.

“As President Trump promised, the Treasury Department and the State Department are implementing authorizations to encourage new investment into Syria,” Scott Bessent, the U.S. treasury secretary, stated.

“Syria must also continue to work towards becoming a stable country that is at peace, and today’s actions will hopefully put the country on a path to a bright, prosperous and stable future,” he said. Marco Rubio, the U.S. secretary of state, stated that he issued a 180-day waiver of sanctions to ensure that they “do not impede the ability of our partners to make stability-driving investments, and advance Syria’s recovery and reconstruction efforts.” (Read more)