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US Moves to Ease Sanctions on Syria

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The Trump administration has initiated a process to ease sanctions on Syria. A GL25 license has been issued, allowing transactions involving the interim government, central bank, and state-owned enterprises. The US Treasury Department has issued a 180-day waiver, which remains in effect.

    1. I thought it was the right thing to do.
    2. It's their time to shine. We're taking them all off.
    1. Today's actions represent the first step in delivering on the President's vision of a new relationship between Syria and the United States. President Trump is providing the Syrian government with the chance to promote peace and stability.
    2. If we make enough progress, we'd like to see the law repealed, because you're going to struggle to find people to invest in a country when any in six months, sanctions could come back. We're not there yet. That's premature.
    1. GL 25 will enable new investment and private sector activity consistent with the President's America First strategy.
    1. The President has made clear his expectation that relief will be followed by prompt action by the Syrian government on important policy priorities. Syria must also continue to work towards becoming a stable country that is at peace, and today's actions will hopefully put the country on a path to a bright, prosperous, and stable future.
    2. As President Trump promised, the Treasury Department and the State Department are implementing authorizations to encourage new investment into Syria.
US Moves to Ease Sanctions on Syria