The United States on Friday took the first steps toward lifting sanctions on Syria after President Donald Trump said his administration would unwind them, APA reports citing Reuters.
The Treasury Department issued a general license that authorizes transactions involving the interim Syrian government led by President Ahmed al-Sharaa, as well as the central bank and state-owned enterprises.
Secretary of State Marco Rubio has also issued a 180-day waiver of sanctions against Syria under the Caesar Act to ensure that sanctions do not impede Syria's recovery and reconstruction efforts, a State Department official told Reuters.
The Treasury said in a statement that the general license, known as GL25, "authorizes transactions prohibited by the Syrian Sanctions Regulations, effectively lifting sanctions on Syria."
"GL25 will enable new investment and private sector activity consistent with the President’s America First strategy," the statement said.
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