US lifts first sanctions on Syria
News Desk || risingbd.com
The administration of United States President Donald Trump has taken its first concrete action to deliver sanctions relief for Syria, following a surprise policy pivot earlier this month.
On Friday, the US Department of the Treasury announced sweeping relief to an array of individuals and entities, which it said will “enable new investment and private sector activity consistent with [Trump’s] America First strategy”.
The US State Department, meanwhile, concurrently issued a waiver to a 2019 law, the Caesar Syria Civilian Protection Act, that would “enable our foreign partners, allies, and the region to further unlock Syria’s potential”.
In a statement, 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 authorisation covers new investment in Syria, provision of financial services, and transactions involving Syrian petroleum products.
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