US eases sanctions on Syria

The US Treasury Department issued General License 25 on Friday, lifting sanctions against Syria and allowing new investment and private sector activity. The move follows President Donald Trump’s pledge during his recent Middle East trip, Reuters reported.

The license allows for financial services and transactions involving Syrian-origin petroleum, as well as the restoration of banking relations with the Commercial Bank of Syria. Sanctions release is contingent on Syria denying safe shelter to terrorist groups and preserving religious and ethnic minorities.

Secretary of State Marco Rubio also authorized a 180-day Caesar Act waiver to encourage investment and essential services like electricity and water, according to Reuters.