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Will Syria's energy sector grow significantly due to U.S. policy by end of 2025?
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U.S. Issues General License for Syria Allowing Transactions with Government Institutions, Energy Sector, and Personal Remittance Transactions
Jan 6, 2025, 06:57 PM
The U.S. Treasury Department has issued a general license for Syria, allowing transactions with government institutions and certain energy and personal remittance transactions. This decision aims to facilitate humanitarian aid to Syria. The license specifically permits personal remittances to Syria, including through the Central Bank of Syria. The Biden administration's move is seen as a limited sanctions waiver, enabling transactions related to the sale, supply, storage, or donation of energy resources, including petroleum and natural gas. This development marks a significant shift in U.S. policy towards Syria, aimed at addressing the humanitarian needs of the country.
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