UK lifts sanctions on Syrian central bank, petroleum firms

The United Kingdom has removed 24 Syrian entities from its sanctions list, including the Central Bank, several other banks, and oil companies. The British government stated that the delisted entities are no longer subject to asset freezes.

UK lifts sanctions on Syrian central bank, petroleum firms
6 March, 2025   17:13
NEWS DESK

 In February, the EU announced a suspension of sanctions on six Syrian entities, including the Central Bank, citing the need to facilitate political transition. The sanctions relief primarily affects the banking, energy, and transportation sectors.

 The EU aims to support Syria’s reconstruction following years of conflict and the fall of Bashar al-Assad in December. However, most EU member states condition the full lifting of sanctions on the Syrian government's ability to represent all Syrians inclusively and ensure the rights of all components, particularly in the North and East of the country.

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