US President Donald Trump announced plans to lift all US sanctions on Syria, citing the goal of giving the country “a chance at greatness”.
This move, announced during a US-Saudi business forum in Riyadh, would allow Syria to access global oil markets and banking systems, potentially advancing energy projects.
Key Details:- Sanctions Relief: Trump stated that the decision was made at the urging of Saudi Crown Prince Mohammad bin Salman and Turkish President Recep Tayyip Erdogan.
– Energy Trade: The sanctions relief could enable Syria to import crude oil and refined products more easily, potentially boosting its energy sector.
– Diplomatic Efforts: US Secretary of State Marco Rubio is expected to meet with his Syrian counterpart in Turkey later this week.
Background:
Previous Sanctions: The US had imposed sanctions on Syria, restricting its access to global markets and banking systems.
– Recent Developments: In January, the Biden administration issued a sanctions waiver until July 7, allowing for limited energy trade with Syria. The EU also suspended some sanctions in February.