Syria’s government has welcomed the final lifting of the most draconian sanctions imposed on the country in recent decades.
Syria’s foreign ministry in a statement thanked the US for the move and said that it will “contribute to alleviating the burdens on the Syrian people and open the way for a new phase of recovery and stability.”
It called for Syrian businesspeople and foreign investors to “explore investment opportunities and participate in reconstruction,” the cost of which the World Bank has estimated at $216 billion.
The US.
Congress imposed the so-called Caesar Act sanctions on Syria’s government and financial system in 2019 to punish then-President Bashar Assad for human rights abuses during the country’s nearly 14-year civil war that began in 2011.
After Assad was ousted in a lightning rebel offensive in December 2024, advocates — including some who had previously lobbied for the imposition of the sanctions — pushed to have the penalties removed.
They argued that the sanctions were preventing international investors from launching reconstruction projects and blocking Syria from rebuilding its battered economy and infrastructure.
US President Donald Trump, who had previously lifted the penalties temporarily by executive order, signed off on the final repeal late Thursday after Congress passed it as part of the country’s annual defense spending bill.
Some lawmakers had pushed for making the repeal conditional on steps by the new Sunni Islamist-dominated Syrian government to protect religious minorities, among other measures.
In the end, the sanctions were repealed without conditions but with a requirement for periodic reports to Congress on Syria’s progress on issues including minority rights and counterterrorism measures.
Central Bank Governor Abdulkader Husrieh said in a statement that the Caesar Act repeal will facilitate the country’s reintegration in the international financial system by allowing it to seek a sovereign credit rating.
“Syria will likely start with a low rating, which is normal for countries emerging from conflict. The real value lies in the benchmark set by the rating and the road map it provides for improvement.”
Abdulkader Husrieh
Syria’s Regional Allies Welcome Sanctions Repeal
Turkey, Saudi Arabia and Qatar, regional allies of the new Syrian government led by interim President Ahmad al-Sharaa, also welcomed the move.
Turkish Foreign Ministry Spokesman, Oncu Keceli in a statement expressed hope that this step will contribute to strengthening stability, security and prosperity in Syria by further promoting international cooperation towards the country’s reconstruction and development.
The Saudi foreign ministry commended “the significant and positive role played by US President Donald Trump” in lifting the sanctions.
Trump previously said that he had moved to remove the penalties at the urging of Crown Prince Mohammed bin Salman, the Saudi de facto ruler, and Turkish President Recep Tayyip Erdogan.
READ ALSO: Australia To Launch Gun Payback Scheme
