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EU begins easing Syria energy, transport and banking sanctions to help revive its economy

  • The EU announced the suspension of sanctions on Syria's energy, transport, and banking sectors on February 24, 2025, to assist in the country's reconstruction after the fall of the Bashar Assad regime.
  • Five Syrian entities, including banks and airlines, have been removed from the EU's sanctions list, facilitating economic engagement.
  • The EU will allow economic resources to flow to these five banks and exempt luxury goods for personal use.
  • The EU stated it will monitor Syria's situation and may lift additional sanctions if the new leadership takes positive actions.
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Winnipeg Free Press broke the news in Winnipeg, Canada on Monday, February 24, 2025.
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