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US begins process to remove Syria from terrorism sponsors list
🇸🇦 Saudi Arabia /Conflict & Security

US begins process to remove Syria from terrorism sponsors list

From Asharq Al-Awsat · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • The US is beginning the process to remove Syria from its list of State Sponsors of Terrorism, a designation held since 1979.
  • This move could facilitate trade, investment, and reconstruction in Syria, following assurances against supporting terrorism.
  • Syrian officials and the US administration view this as a historic opportunity for economic recovery and reintegration into the global economy.

The United States has initiated the process to remove Syria from its list of State Sponsors of Terrorism (SST), a designation that has been in place since 1979. This significant political and economic shift could pave the way for renewed trade, investment, and large-scale reconstruction efforts in the war-torn nation.

I promised to remove all the barriers preventing you from rebuilding your country, and very soon you will finally be able to do so.

— Donald TrumpQuoted by the US administration regarding his intention to remove Syria from the SST list.

The decision follows assurances from Syrian President Ahmed al-Sharaa that Syria will not support international terrorism. Secretary of State Marco Rubio notified Congress of President Donald Trump's intention to rescind the designation after a mandatory 45-day review period. Rubio described the move as "historic," offering Syria a chance to rebuild and begin a new chapter for its people.

Syrian officials have welcomed the decision with enthusiasm. Finance Minister Mohammad Yosr Barnieh called it "a historic moment" that heralds an era of prosperity and economic recovery, facilitating Syria's reintegration into the global economy. Central Bank Governor Safwat Raslan echoed this sentiment, labeling the decision a "positive turning point" that will boost confidence and attract investment, while reaffirming the central bank's commitment to reforms and stability.

a historic moment

— Mohammad Yosr BarniehSyrian Finance Minister, describing the US decision to remove Syria from the SST list.

Practically, this change could allow Syrian banks to reconnect with the global financial system, including correspondent banking networks and the SWIFT payment system. The previous terrorism designation had deterred foreign banks from engaging with Syrian institutions due to fear of U.S. legal repercussions. Easier access to trade finance and reduced costs for remittances from Syrians abroad are anticipated benefits. The U.S. administration also indicated that American companies are expected to show interest in rebuilding efforts.

a positive turning point

— Safwat RaslanSyrian Central Bank Governor, commenting on the US decision.
DistantNews Editorial

Originally published by Asharq Al-Awsat in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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