US grants Syria initial sanctions relief

The Trump administration has announced immediate sanctions relief for Syria, following President Trump’s commitment to normalize relations with the country’s new government. The Treasury Department’s General License 25 facilitates economic activity and investment in Syria, while a six-month waiver under the Caesar Syria Civilian Protection Act allows for certain business dealings with the government. With over 90% of Syrians living below the poverty line, investment is critical for rebuilding the country, estimated to cost between $250 billion and $400 billion.