U.S. Treasury removes 518 individuals, entities from Syria sanctions list
DAMASCUS, Syria (North Press) – The U.S. Department of the Treasury announced on Monday the removal of 518 individuals and entities from its sanctions list on Syria, as part of a broader shift in U.S. policy toward facilitating economic recovery and reconstruction in the war-torn country.
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed 518 individuals and entities from the List of Specially Designated Nationals and Blocked Persons (SDN List) sanctioned under the Syria sanctions program, lifting sanctions on individuals and entities critical to Syria’s development, the operation of its government, and the rebuilding of the country’s social fabric.
OFAC also designated 139 individuals and entities affiliated with the previous regime under E.O. 13894, as further amended, as well as other Iran and Counter Terrorism authorities, ensuring continued accountability for the former al-Assad regime and its abuses.
“In line with President Trump’s promise to deliver sanctions relief for Syria,” said Secretary of the Treasury Scott Bessent. “Today’s actions will help provide the country the opportunity to reestablish ties to global commerce and build international confidence.”
“As we continue to monitor progress on the ground, we remain focused on preventing Assad, his cronies, terrorists, and other illicit actors from attempting to destabilize Syria and the region,” Bessent added.
He emphasized that the United States remains committed to supporting stability in the Middle East and promoting steps that expand economic opportunities across the region.
Earlier on Monday, U.S. President Donald Trump issued an executive order rescinding the bulk of sanctions previously imposed on Syria, while maintaining targeted measures against individuals and groups involved in serious crimes, terrorism, and repression.