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    Headlines

    Posted By Global Banking and Finance Review

    Posted on January 12, 2025

    Featured image for article about Headlines

    By Pesha Magid

    RIYADH (Reuters) - European foreign ministers will meet at the end of January to discuss the lifting of sanctions on Syria, the EU foreign policy chief said on Sunday in Riyadh ahead of a meeting of top Middle Eastern and Western diplomats and Syria's new foreign minister.

    Kaja Kallas, the EU foreign policy chief, said the foreign ministers would convene in Brussels on Jan. 27 in an effort to decide how the 27-nation bloc would relax sanctions on Syria.

    After 13 years of civil war, Syria's President Bashar al-Assad was ousted in a lightning offensive by insurgent forces led by the Islamist Hayat Tahrir al-Sham (HTS) a month ago. The group has since set up a caretaker government in Damascus.

    Any European decision to ease sanctions would be conditional on the new Syrian administration's approach to governing, which must include "different groups" and women and "no radicalisation", Kallas said, without elaborating.

    "If we see the developments going to the right direction, we are ready to do the next steps...If we see that it's not going to the right direction, then we can also move back on this."

    Sunday's conference, the first such meeting of Western and regional leaders hosted by regional heavyweight Saudi Arabia since Assad's ouster, comes as Damascus urges the West to lift sanctions to help international funding flow more freely.

    In a press conference held after wrapping up the conference, Saudi foreign minister Prince Faisal bin Farhan Al Saud said he stressed "lifting the unilateral and U.N. sanctions imposed on Syria as continuing ... sanctions will hinder the aspirations of the Syrian people to achieve development."

    The U.S., Britain, the European Union and others imposed tough sanctions on Syria after a crackdown by Assad on pro-democracy protests in 2011 that spiralled into civil war. But the new reality in Syria has been complicated by sanctions on HTS - and some leaders - for its days as an al Qaeda affiliate.

    Germany, which is leading the EU's discussion on sanctions, on Sunday proposed allowing relief for the Syrian population, but retaining sanctions on Assad allies who "committed serious crimes" during Syria's war.

    "Syrians now need a quick dividend from the transition of power, and we continue to help those in Syria who have nothing, as we have done all the years of civil war," German foreign minister Annalena Baerbock told reporters in Riyadh.

    The United States on Monday issued a six-month exemption of its sanctions for transactions with governing institutions in Syria to try to ease the flow of humanitarian assistance and allow some energy transactions.

    British foreign minister David Lammy joined the Riyadh talks along with ministers from Saudi Arabia, Egypt, the United Arab Emirates, Qatar, Bahrain, Iraq, Jordan, Lebanon and Turkey, as well as the U.N. special envoy for Syria, Geir Pedersen.

    Discussions would focus on support for the interim Syrian authorities, "including mechanisms to hold the Assad regime to account for the war crimes they perpetrated against the Syrian people," the UK foreign office said in a statement.

    (Reporting by Pesha Magid in Riyadh; Menna Alaa El-Din and Muhammad Al Gebaly in Cairo; Additional reporting by Suleiman Al-Khalidi in Amman; Writing by Andrew Mills; Editing by Elaine Hardcastle and Ros Russell)

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