Trump announces surprising sanctions revealing: Hope for Syria!

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US-Präsident Trump kündigt die Aufhebung der Sanktionen gegen Syrien an, um Investitionen und Frieden zu fördern.
US President Trump announces the abolition of sanctions against Syria to promote investments and peace. (Symbolbild/ER)

On a surprising trip to the Middle East, US President Donald Trump has announced today to lift all US sanctions against Syria. The US government immediately begins with the suspension of these sanctions to promote new investments and to support peace and stability in Syria. Finance Minister Scott Bessent said that the lifting of sanctions enabled business with the new Syrian government and the central bank, which is particularly important for the oil sector. Transactions related to oil and oil products from Syria should now be allowed.

In addition, transactions with the new Syrian government under temporary president Ahmed al-Sharaa and the Syrian central bank were legalized. However, it remains clear that shops that favor Russia, Iran or North Korea are still banned. Likewise, all business with previously sanctioned persons or companies remains prohibited unless they are explicitly excluded. US Secretary of State Marco Rubio has announced that the suspension of further sanctions will apply to a period of 180 days to ensure that partners of the USA can make stability-promoting investments in Syria.

reaction of investors

Prominent Syrian exile entrepreneurs such as billionaire Ghassan Aboud are also optimistic and are now planning investments in Syria without fear of US sanctions. The Lebanese businessman Imad Al-Khatib plans to build a waste sorting system in Damascus, which is expected to cost $ 200 million. President Ahmed al-Sharaa promised an open Syria for investors in this context.

challenges remain

Despite the positive developments, the political situation in Syria remains tense. Earlier opposition groups have not handed over their weapons, and conflicts with Kurds and other minorities continue to exist. The Syrian economy is strongly weakened; Between 2010 and 2021, the gross domestic product was more than halved. Experts also warn that it could take a long time for the living conditions of the Syrians to improve through the sanctions.

Interim President Al-Sharaa is based on a free market instead of a planned economy. Basically, the abolition of the sanctions is considered by many as a decisive sign of Syria's reintegration to the Gulf States and international financial organizations. The "Caesar Act" could be partially exposed to enable foreign partners to provide help, which could possibly be a turning point in the economic stability of the country.

Overall, the development shows that the US government is willing to break new ground to support Syria's reconstruction and thus also promote long-term peace in the country. However, these measures are on the condition that Syria continues to work on stability and peace, as Finance Minister improves.

For further information we refer to the reporting of nau and Tagesschau .

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