Asaad al-Shaibani, the country’s foreign minister, praised the EU’s decision, which came after a similar announcement made by the US in mid-May.
Many Syrian businesspeople are hopeful that their livelihoods will be rebuilt after years of economic isolation.
Businesses that were barred from Syria and stopped dealing with us as a result of the sanctions are now in contact with us, according to Hassan Bandakji, a business owner in the area.
“Many businesses and producers are telling us they’re coming back and want to reserve a spot in our market,” said one producer.
Bashar al-Assad’s government was subject to extensive sanctions from the EU and the US, both of which were broad-ranging and were issued following a rebel offensive in December of last year.
Businesses were severely stymied by the economic restrictions that severely limited trade, investment, and financial transactions in Syria.
Ali Sheikh Kweider, who runs a factory in the countryside of Damascus, said, “The main challenge we faced was getting raw materials and automated lines.”
We were unable to send or receive any transactions, according to Kweider, according to Kweider.
As part of its efforts to rebuild Syria, the new government, led by former rebel leader and interim president Ahmed al-Sharaa, had demanded that the sanctions be lifted.
Donald Trump, the president of the United States, said he planned to order the lifting of American sanctions against Syria after a meeting with al-Sharaa last week in Saudi Arabia.
According to Al Jazeera’s Mahmoud Abdelwahed, the government hopes that the sanctions’ relief will aid Syria’s resumption of its international network.
Source: Aljazeera
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