Britain raises restrictions on financial services and energy production in Syria Economy news

The British government announced today, Thursday, the restrictions of some sectors in Syria, including financial services and energy production to help the reconstruction of the country, as part of London’s work to reduce the sanctions imposed during the rule of ousted President Bashar al -Assad.

It also announced the lifting of the sanctions imposed on the Syrian Ministry of Interior and Defense.

The sanctions imposed on several media groups and intelligence services were also lifted, knowing that the new Syrian leadership announced the dissolution of the security services belonging to the Al -Assad era.

In a memorandum of the Office for the Execution of Financial Penalties, the authorities that were targeted by the sanctions “were involved (in the past) by suppressing civilians in Syria … (or) with the support or benefit of the Syrian regime.”

The new Syrian government is seeking to persuade the West to lift the international sanctions imposed on Syria, to seek to improve the economic conditions in the country and work to rebuild what was destroyed by the war that lasted for about 14 years.

The West is reconsidering its approach towards Syria after the revolutionaries overthrew Assad last December.

In March, the British government lifted the freezing of assets from the Central Bank of Syria with 23 other entities, including banks and oil companies.

The British government has previously confirmed that the sanctions imposed on members of the Assad regime will remain.

Britain, along with the European Union, has been imposed since 2011 a series of sanctions on Syria in response to the violent regime’s policies towards peaceful protests.

These sanctions included the prohibition of weapons and the prohibition of importing oil and Syrian oil products, and financial restrictions that included freezing the assets of the Syrian Central Bank and preventing financial institutions from opening branches in Europe, in addition to restrictions on exporting equipment and technology that may be used in internal repression or to monitor communications.

The sanctions also targeted hundreds of individuals and entities associated with the Syrian regime, and included freezing assets and travel ban.