The European Union suspends the sanctions imposed on Syria economy

European Union countries announced today, Monday, the suspension of their sanctions imposed on Syria, which affects major economic sectors.

The foreign ministers of the 27 countries gathered in Brussels took an official decision in this regard targeting the sectors of banks, energy and transportation, which is subject to the freezing of money and economic resources in Syria.

The Federation Council said, in a statement, that it decided to “suspend the restrictions in the energy sectors, including oil, gas, electricity, and transportation.”

The council also decided to “raise 5 parties, which are the industrial bank, the Popular Credit Bank, the savings bank, the cooperative agricultural bank, and the Syrian Arab Aviation Corporation, from the list of entities subject to freezing money and economic resources.”

The council also decided to “allow the status of money and economic resources (for those parties) at the disposal of the Syrian Central Bank.”

The European Union seeks – as he says – to help rebuild Syria after years of internal war, and the revolutionaries were able to overthrow President Bashar al -Assad on the eighth of last December.

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Relations

The Federation is also working to weave relations with the new administration, which demands the lifting of Western sanctions imposed on Damascus during the ousted president.

These restrictions were imposed on the Assad government and full sectors of the Syrian economy during the war that broke out in 2011.

The continental bloc can re -impose sanctions if new Syrian leaders do not respect human rights or democratic values, according to European Union foreign policy official Kaya Callas last month.

On January 6th, the United States issued a partial exemption from sanctions on transactions with some government agencies in Syria for a period of 6 months, to facilitate the flow of humanitarian aid, overcome energy lack and allow personal transfers.

The European Union, the United States, Britain and other governments imposed strict sanctions on Syria after the campaign of repression that Assad launched on the protests calling for democracy in 2011.

The new Syrian administration called on many times to lift the sanctions to be able to advance the exhausted countries and rebuild them, stressing that the reasons for their imposition were removed from the fall of the Assad regime.