The European Union has officially lifted economic sanctions against Syria.
Photo is illustrative in nature. From open sources.
Twenty-four entities were removed from the list, including the Central Bank of Syria and companies involved in oil production and cotton processing. The EU believes this decision will allow it to "build" a new Syria.
The Council of the European Union ( EU ) adopted legal acts formalizing the decision to lift economic sanctions against Syria. Twenty-four entities were removed from the list, including the Syrian Central Bank.
"Today, the EU reaffirms its commitment to a partnership in the transition that will help the Syrian people reunite and build a new, peaceful Syria," said EU High Representative for Foreign Affairs and Security Policy Kaja Kallas.
The adoption of the legal acts officially confirms the decision announced by Kallas on May 20. In addition to the Central Bank, companies operating in the oil production and cotton processing sectors, as well as media outlets, have been removed from the sanctions list.
The EU imposed its first sanctions against Syria in 2011, when Bashar al-Assad was president. These measures included an oil embargo, investment restrictions, a freeze on the assets of the Syrian Central Bank, and a ban on the import of equipment from EU countries "that could be used for internal repression."
Discussions about lifting decades-long sanctions against Syria began after Bashar al-Assad was overthrown. Ahmed al-Sharaa, HEAD of the Hay'at Tahrir al-Sham (HTS, designated as a terrorist group and banned in RUSSIA), became the transitional president.
The US previously announced the lifting of sanctions on Syria . Syrian Airlines, several banks, including the Central Bank, and shipping companies were removed from the sanctions list. The US Treasury also cleared transactions with the Syrian oil company Sytrol and several other energy sector entities.
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