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The EU has officially lifted economic sanctions against Syria


May, 28 2025
watermark Economic news

The EU Council has approved the lifting of economic sanctions against Syria. The resolutions lifting all economic restrictions have been officially approved. The head of European diplomacy, Kaya Kallas, said that this decision is aimed at supporting the Syrian people in rebuilding the country. This step followed Donald Trump's announcement of his intention to lift sanctions against Damascus.


However, the EU has maintained measures against officials of former President Bashar al-Assad and security-related sanctions. The ban on the supply of weapons and technologies that can be used for repression remains in force. The EU also plans to impose new restrictions against those who, in its opinion, violate human rights and contribute to instability.


At the end of 2024, the armed forces of the opposition took Damascus, which led to the resignation of Bashar al-Assad. Ahmed al-Sharaa was appointed interim President of Syria. The EU, which has stopped cooperating with Assad, has established a dialogue with the new administration. In February, restrictions in the energy, transport and banking sectors were lifted, as well as a ban on the import of luxury goods. The EU continues to assess the remaining sanctions for their possible lifting.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.