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Originally published by Capital Business
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business
May 25, 2025
2mo ago

Syria faces fragile reconstruction path despite sanctions relief

Syria faces fragile reconstruction path despite sanctions relief

DAMASCUS, May 25 (Xinhua) -- The Trump administration's recent decision to ease longstanding sanctions on Syria has sparked cautious optimism among Kenya breaking news | Kenya news today |..

✨ Key Highlights

The recent easing of U.S. sanctions on Syria has generated cautious optimism as it marks a potential turning point in the country's long struggle for recovery after over a decade of conflict.

  • U.S. Treasury Department issued a general license for financial transactions with the interim Syrian government, including a **180-day waiver** under the Caesar Act.
  • Asaad al-Shibani, Syria’s foreign affairs chief, expressed hope for “more achievements” following these changes.
  • Over **3 million** housing units and **9,600** schools were destroyed, with **90 percent** of the population living below the poverty line.

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