US eases sanctions against Syria — step into a new phase

On May 23, 2024, the US Department of the Treasury made a new decision that caused a major stir on the international political stage. The Office of Foreign Assets Control (OFAC) officially announced the issuance of General License No. 25 (GL 25), which significantly eases current restrictions on Syria. This document marks a serious turning point in Washington's approach to the Syrian issue.

Path opened for oil, investments, and financial services

Through GL 25, a number of previously prohibited operations are now permitted. These include the implementation of new investments, provision of banking and financial services, and launching of commercial activity related to Syrian oil and petroleum products. It is emphasized that these broad relaxations are being implemented within the “America First” strategy.

This move is viewed as a practical step to fulfill former president Donald Trump’s May 13 announcement to lift all sanctions against Syria. It indicates that the new phase of US foreign policy seeks to influence not through secondary military forces, but via economic mechanisms.

Caesar Act also eased

Simultaneously, the US Department of State also revised its stance. In particular, several exemptions were introduced to the “Caesar Act,” which had targeted individuals involved in human rights violations in Syria. According to official commentary, the mechanism is designed to support economic recovery, encourage private capital inflow, and reinforce domestic stability.

Assad regime influence reduced

US Treasury Secretary Scott Bessent stated: “As President Trump promised, serious steps are being taken to improve the investment climate and achieve peace and stability in Syria.” According to him, the new relaxations create significant opportunities not only for local entrepreneurs but also for global investors.

It was also clarified that the sanctions easing does not apply to certain countries. The statement specifically notes that terrorist groups, war criminals, and key allies of former Bashar al-Assad’s regime — Russia, Iran, and North Korea — are not eligible for these relaxations.

The vision of a new Syria

In its statement, the US emphasized: “The brutality of the Assad regime is a thing of the past,” calling on the international community to actively participate in building a new, safe, and prosperous Syria. According to the State Department, this policy plays an important role in ensuring global peace and security.

In conclusion, the US move to ease sanctions on Syria may mark a new chapter in global geopolitics. Goals such as economic stability, improved investment climate, and human rights protection serve noble aims. However, what outcomes this process will bring — will become clear in the coming weeks and months. Read 'Zamin' on Telegram!