The United States has announced a 180-day waiver of mandatory Caesar Act sanctions on Syria, as part of the President's commitment to providing sanctions relief. This measure aims to prevent hindrances in stability-driving investments and aid Syria's recovery and reconstruction efforts. The waivers will support the provision of essential services such as electricity, energy, water, and sanitation, facilitating a more effective humanitarian response across the country.
Additionally, the Department of the Treasury has issued Syria General License (GL) 25. This license authorizes transactions by U.S. persons that were previously prohibited under the Syrian Sanctions Regulations. It effectively lifts certain sanctions on Syria and is aligned with the President’s America First strategy. The Financial Crimes Enforcement Network (FinCEN) is also offering exceptive relief to allow U.S. financial institutions to maintain correspondent accounts for the Commercial Bank of Syria.
These actions mark an initial step towards realizing a new relationship between Syria and the United States. President Trump is extending an opportunity for peace and stability within Syria and in its relations with neighboring countries. The President expects that this relief will prompt swift action from the Syrian government on key policy priorities.
The sanctions waiver was issued under section 7432(b)(1) of the Caesar Syria Civilian Protection Act of 2019 (22 U.S.C. 8791 note). Further details about the waiver can be found through official channels, including information on GL25 from the Department of the Treasury’s press release and FinCEN's related actions.
