Financial Trade Freedom - Investing and Stock News
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
  • Investing
  • News
  • Editor’s Pick
  • Economy
  • Stock
No Result
View All Result
Financial Trade Freedom - Investing and Stock News
No Result
View All Result
Home News

Trump signs order lifting sanctions on Syria

admin by admin
June 30, 2025
in News
0
Trump signs order lifting sanctions on Syria
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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

Americans weigh in on Trump’s ‘big, beautiful bill’: polls

Next Post
Americans weigh in on Trump’s ‘big, beautiful bill’: polls

Americans weigh in on Trump’s ‘big, beautiful bill’: polls

  • Trending
  • Comments
  • Latest
U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

U.S. homebuilders raise alarm over tariffs as sentiment falls to 5-month low

February 19, 2025
How Companies Use Derivatives To Hedge Risk

How Companies Use Derivatives To Hedge Risk

February 19, 2025
KFC moves U.S. headquarters from Kentucky to Texas

KFC moves U.S. headquarters from Kentucky to Texas

February 19, 2025
Nvidia shares continue golden run, hit fresh highs: analysts remain firmly bullish

Nvidia shares continue golden run, hit fresh highs: analysts remain firmly bullish

June 27, 2025
Lucid stock price forms descending triangle ahead of earnings

Lucid stock price forms descending triangle ahead of earnings

0
From tariffs to DOGE, what companies are saying about the impact of MAGA policies

From tariffs to DOGE, what companies are saying about the impact of MAGA policies

0
Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

Tesla’s law firm drafts Delaware bill that could salvage Musk pay package

0
Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

Coca-Cola takes on Olipop and Poppi with new prebiotic soda brand, Simply Pop

0
Lucid stock price forms descending triangle ahead of earnings

Lucid stock price forms descending triangle ahead of earnings

July 9, 2025
China’s AI gamble: 115,000 Nvidia chips at heart of geopolitical tech clash

China’s AI gamble: 115,000 Nvidia chips at heart of geopolitical tech clash

July 9, 2025
Linda Yaccarino resigns as X CEO following Grok  controversy

Linda Yaccarino resigns as X CEO following Grok controversy

July 9, 2025
Brazil’s Braskem shares surge on prospects of tax incentive bill backing petrochemical sector

Brazil’s Braskem shares surge on prospects of tax incentive bill backing petrochemical sector

July 9, 2025

    Get Smarter with Your Money – Sign Up for Free Financial Tips!


    Join our community of savvy savers and investors! By signing up, you'll receive weekly emails packed with personalized financial tips, budgeting hacks, and investment strategies tailored to your income level. Take control of your finances today – it’s free and only takes a minute!

    Recent News

    Lucid stock price forms descending triangle ahead of earnings

    Lucid stock price forms descending triangle ahead of earnings

    July 9, 2025
    China’s AI gamble: 115,000 Nvidia chips at heart of geopolitical tech clash

    China’s AI gamble: 115,000 Nvidia chips at heart of geopolitical tech clash

    July 9, 2025
    Linda Yaccarino resigns as X CEO following Grok  controversy

    Linda Yaccarino resigns as X CEO following Grok controversy

    July 9, 2025
    Brazil’s Braskem shares surge on prospects of tax incentive bill backing petrochemical sector

    Brazil’s Braskem shares surge on prospects of tax incentive bill backing petrochemical sector

    July 9, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: FinancialTradeFreedom.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 financialtradefreedom.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contacts
    • Email Whitelisting
    • Investing and Stock News
    • Privacy Policy
    • Terms and Conditions
    • Thank you

    Disclaimer: FinancialTradeFreedom.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 financialtradefreedom.com | All Rights Reserved