EU adopts legal acts to lift economic sanctions on Syria

Xinhua
28 May 2025, 18:15 GMT+10

The EU would lift all restrictive measures related to trade, investment and financing, except those based on security grounds, said a press release.

BRUSSELS, May 28 (Xinhua) -- The European Union (EU) adopted legal acts on Wednesday to lift nearly all of its economic sanctions on Syria, enacting a political agreement announced on May 20 aimed at supporting the country's recovery and transition, according to a press release by the Council of the EU.

The EU would lift all restrictive measures related to trade, investment and financing, except those based on security grounds, said the press release.

As part of the package, 24 entities, including the Central Bank of Syria and companies in key sectors such as oil production and refining, cotton and telecommunications, were delisted from the EU's fund-freezing regime.

Several media and television outlets were also removed from the sanctions list, according to the Council.

In parallel, the Council extended sanctions on individuals and entities linked to the former government until June 1, 2026, and imposed new measures targeting two individuals and three entities responsible for serious abuses during the wave of violence in Syria's coastal region in March 2025.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Perth Herald.

More Information

null in null

International Business

Section

Trump re-ignites trade war, targets Europe in extraordinary attack

Trump lashes European Union, imposes 50% tariffs

WASHINGTON, DC - U.S. President Donald Trump re-ignited his trade war on Friday with an extraordinary attack on the European Union...

EU adopts legal acts to lift economic sanctions on Syria

The EU would lift all restrictive measures related to trade, investment and financing, except those based on security grounds, said...

EU to order members to reduce water consumption FT

Brussels is aiming to cut down water use by at least 10 percent by 2030, according to a draft plan The European Commission is reportedly...

COTE D'IVOIRE-ABIDJAN-AFDB-ANNUAL MEETINGS

(250528) -- ABIDJAN, May 28, 2025 (Xinhua) -- President of the African Development Bank (AfDB) Akinwumi Adesina speaks at the opening...

60 financial institutions to participate in 'Ethraa' Career Fair

DUBAI, 28th May, 2025 (WAM) -- The Emirates Institute of Finance (EIF), in collaboration with the Central Bank of the UAE, the Emirati...

Sensex, Nifty open flat; FMCG, Metal and Consumer durables down, IT, PSU banks and Reality gains

New Delhi [India] May 28 (ANI): Indian stock markets on Wednesday opened flat despite a strong handover from the markets of the United...

Australia

Section