DAMASCUS: Syria on Saturday hailed the formal lifting of sanctions by the United States as a “positive step” that will help its post-war recovery.
“The Syrian Arab Republic welcomes the decision from the American government to lift the sanctions imposed on Syria and its people for long years,” a foreign ministry statement said.
The United States lifted comprehensive economic sanctions on Syria on Friday, marking a dramatic policy shift following the December overthrow of Bashar Assad and opening the door for investment in the country’s reconstruction.
The ministry described the move as “a positive step in the right direction to reduce humanitarian and economic struggles in the country.”
It formalized a decision announced by US President Donald Trump during a visit to Saudi Arabia earlier this month.
The sanctions relief extends to Syria’s new government with conditions that the country does not provide safe haven for terrorist organizations and ensure security for religious and ethnic minorities, the US Treasury Department said.
Secretary of State Marco Rubio said the waiver would “facilitate the provision of electricity, energy, water and sanitation, and enable a more effective humanitarian response across Syria.”
The authorization covers new investment in Syria, provision of financial services and transactions involving Syrian petroleum products.
“Today’s actions represent the first step on delivering on the president’s vision of a new relationship between Syria and the United States,” Rubio said.
The United States had imposed sweeping restrictions on financial transactions with Syria during the country’s 14-year civil war and made clear it would use sanctions to punish anyone involved in reconstruction as long as Assad remained in power.
Since Assad’s ouster, Syria’s new government, led by Islamist former rebels, some of them with past links to Al-Qaeda, has been looking to build relations with Western governments and roll back sanctions.