The Financial Comet
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

The Financial Comet

Politics

Trump signs order lifting sanctions on Syria

by admin July 1, 2025
July 1, 2025
Trump signs order lifting sanctions on Syria

President Donald Trump signed an executive order to formally lift all sanctions on Syria on Monday afternoon. 

‘The United States is committed to supporting a Syria that is stable, unified, and at peace with itself and its neighbors,’ the order stated, while directing the secretaries of State, Commerce and Treasury to relieve sanctions and waive export controls. 

‘This is in an effort to promote and support the country’s path to stability and peace. The order will remove sanctions on Syria while maintaining sanctions on the former president Assad or his associates, human rights abusers, drug traffickers, persons linked to chemical weapons activities, ISIS and their affiliates, and Iranian proxies,’ White House press secretary Karoline Leavitt told reporters. 

Trump is ‘committed to supporting a Syria that is stable, unified and at peace with itself and its neighbors,’ Leavitt said. 

Ambassador Tom Barrack, Trump’s envoy to Syria, called the new order a ‘tedious, detailed, excruciating process’ of unraveling the sanctions that had been in place for decades on the regime of Bashar al-Assad, who oversaw a nation at civil war for more than a decade. 

Brad Smith, the Treasury Department’s undersecretary for terrorism and financial intelligence, said sanctions would remain ‘where appropriate,’ including on Assad and his associates and any other destabilizing regional actors. 

Smith said the fall of Assad represented a ‘new beginning’ for the Syrian people and Trump had decided U.S. sanctions ‘would not stand in the way of what could be a brighter future for the country.’

But he warned: ‘The United States will remain ever vigilant where our interests and security are threatened, and Treasury will not hesitate to use our authorities to protect us and international financial systems.’

Some sanctions will still need to be lifted by Congress, and others date to 1979, when Syria was designated a state sponsor of terrorism. The administration has not yet lifted that designation. 

Trump met last month with Syria’s new interim leader, Ahmed al-Sharaa, during a Middle East visit. 

From having a $10 million bounty on his head to sitting down with the U.S. president, the turnaround of the Syrian leader has been remarkable.

Al-Sharaa’s group Hay’at Tahrir al-Sham (HTS), a Syrian militant organization founded as an offshoot of al Qaeda, overthrew Assad in March. 

Al-Sharaa had been campaigning hard for a relationship with Washington and sanctions relief: he offered to build a Trump Tower in Damascus, détente with Israel, and U.S. access to Syria’s oil and gas. He worked to soften the image of HTS and promised an inclusive governing structure. 

U.S. sanctions have included financial penalties on any foreign individual or company that provided material support to the Syrian government and prohibited anyone in the U.S. from dealing in any Syrian entity, including oil and gas. Syrian banks also were effectively cut off from global financial systems. 

The new order comes as Israeli and Syrian officials are engaged in back-channel talks on a potential security and normalization deal. 

Israel and Syria have long been foes, and some Israeli officials worry that lifting all sanctions on Syria means giving up ‘leverage’ to pressure them into a deal to normalize ties with Israel. 

To that point, one senior administration official shot back: ‘We have consistently said we’re not nation-building. It’s to Syria’s benefit to lean toward Israel.’ 

‘The president ripped off the sanctions without any preconditions,’ the official said. ‘Leverage is not what we’re interested in doing.’ 

War between Israel and Hamas in Gaza has complicated any movement on normalization deals between Israel and its neighbors. But the official predicted: ‘There’s going to be peace in Gaza.’ 

This post appeared first on FOX NEWS

previous post
‘Antisemitic’ British band banned from US after viral ‘death to the IDF’ festival chants
next post
House Freedom Caucus targets Trump’s ‘big, beautiful bill’ with concerns about budget deficit

Related Posts

Trump signs executive order to make healthcare prices...

February 26, 2025

Bondi says Epstein client list ‘sitting on my...

February 22, 2025

DNI Gabbard refers intel officials to DOJ for...

April 24, 2025

Incoming UK ambassador walks back comments on ‘danger’...

January 29, 2025

Trump bans federal funding for ‘dangerous’ gain-of-function research

May 6, 2025

Israel strikes at the heart of Iran’s nuclear...

June 15, 2025

House GOP’s budget impasse thaws just as winter...

February 13, 2025

Israel’s drone strikes in Iran show why US...

June 14, 2025

Schumer says ‘oligarchs’ keep him up at night,...

March 19, 2025

Vance issues ultimatum to Russia, Ukraine on peace...

April 24, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security of American civilians’

      January 23, 2025
    • 2

      DeepSeek hit with large-scale cyberattack, says it’s limiting registrations

      January 28, 2025
    • 3

      Bank of America CEO says financial industry will jump into crypto payments if regulators allow it

      January 23, 2025
    • 4

      Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

      January 27, 2025
    • 5

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • 6

      UnitedHealthcare taps company veteran Tim Noel as new CEO following Brian Thompson killing

      January 27, 2025
    • 7

      Lara Trump to host weekend show on Fox News

      February 7, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: thefinancialcomet.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 thefinancialcomet.com | All Rights Reserved