Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >EU agrees to lift economic sanctions on Syria, Kallas says
    Headlines

    EU Agrees to Lift Economic Sanctions on Syria, Kallas Says

    Published by Global Banking & Finance Review®

    Posted on May 20, 2025

    2 min read

    Last updated: January 23, 2026

    Add as preferred source on Google
    EU agrees to lift economic sanctions on Syria, Kallas says - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:international financial institutioneconomic recoveryfinancial communityfinancial stability

    Quick Summary

    EU foreign ministers have decided to lift economic sanctions on Syria to aid in rebuilding efforts, while maintaining sanctions on the Assad regime.

    EU Foreign Ministers Decide to Lift Economic Sanctions on Syria

    BRUSSELS (Reuters) -EU foreign ministers on Tuesday agreed to lift economic sanctions on Syria, the bloc's foreign policy chief Kaja Kallas said.

    "We want to help the Syrian people rebuild a new, inclusive and peaceful Syria," Kallas said in a post on social media platform X following discussions with ministers in Brussels.

    The European Union's policy shift comes after President Donald Trump said last week he would order the lifting of U.S. sanctions on Syria after its 14-year civil war.

    "The EU has always stood by Syrians throughout the last 14 years - and will keep doing so," Kallas said.

    In a statement announcing the political decision to lift economic sanctions, the Council said the EU will keep sanctions related to the Assad regime "as well as sanctions based on security grounds, including arms and technology that might be used for internal repression".

    The bloc will also "introduce additional targeted restrictive measures against human rights violators and those fuelling instability in Syria," the statement said.

    Syria's Foreign Minister Assad al-Shibani said on X that the EU's decision would bolster Syria's security and stability.

    The Syrian foreign ministry later said that the lifting of sanctions would open new avenues for engagement.

    "The Syrian government stands ready to enhance collaborative ties with European businesses and investors, fostering an environment conducive to economic revitalisation and sustainable development," the ministry said.

    The EU has already eased sanctions related to energy, transport and reconstruction, as well as associated financial transactions, but some capitals have argued that the measures were insufficient to help support Syria's political transition and economic recovery.

    "The European Union wants to make a fresh start with Syria... but we also expect an inclusive policy within the country that includes all population groups and religious groups," Germany's Foreign Minister Johann Wadephul said in a written statement.

    "It is important to us that a united Syria can thus take its future into its own hands," he added.

    (Reporting by Lili Bayer and Bart Meijer; Writing by Charlotte Van Campenhout; additional reporting by Victoria Waldersee and Menna Alaa El Din; Editing by William Maclean, Gareth Jones and Alistair Bell)

    Key Takeaways

    • •EU foreign ministers agree to lift economic sanctions on Syria.
    • •Kaja Kallas emphasizes support for rebuilding Syria.
    • •Sanctions related to the Assad regime remain in place.
    • •EU to introduce measures against human rights violators.
    • •Syria welcomes the decision, sees potential for economic growth.

    Frequently Asked Questions about EU agrees to lift economic sanctions on Syria, Kallas says

    1What did the EU foreign ministers agree on regarding Syria?

    The EU foreign ministers agreed to lift economic sanctions on Syria to help the Syrian people rebuild a new, inclusive, and peaceful country.

    2What is the EU's stance on sanctions related to the Assad regime?

    The EU will maintain sanctions related to the Assad regime and those based on security grounds, while introducing additional measures against human rights violators.

    3How does Syria's government view the lifting of sanctions?

    Syria's Foreign Minister stated that the EU's decision would bolster Syria's security and stability, opening new avenues for engagement with European businesses.

    4What are the expectations from the EU regarding Syria's internal policies?

    The EU expects an inclusive policy within Syria that includes all population and religious groups to ensure a united country moving forward.

    5What previous sanctions had the EU already eased?

    The EU had already eased sanctions related to energy, transport, and reconstruction, as well as associated financial transactions.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Denmark's Frederiksen faces tough coalition talks to remain prime minister
    Denmark's Frederiksen Faces Tough Coalition Talks to Remain Prime Minister
    Image for UK police arrest two men over arson attack on Jewish community ambulances
    UK Police Arrest Two Men Over Arson Attack on Jewish Community Ambulances
    Image for Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    Image for Denmark's left-wing bloc leads election but lacks majority, exit polls show
    Denmark's Left-Wing Bloc Leads Election but Lacks Majority, Exit Polls Show
    Image for Moldovan parliament backs energy state of emergency after power line put out of action
    Moldovan Parliament Backs Energy State of Emergency After Power Line Put Out of Action
    Image for US expected to send thousands more soldiers to Middle East, sources say
    US Expected to Send Thousands More Soldiers to Middle East, Sources Say
    Image for Brazil court places Bolsonaro under house arrest on health grounds
    Brazil Court Places Bolsonaro Under House Arrest on Health Grounds
    Image for Analysis-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
    Analysis-Gulf Warnings and Fears of Miscalculation Preceded Trump’s Pause in Iran Showdown
    View All Headlines Posts
    Previous Headlines PostFrench, German Leaders Call on EU to Scrap Supply Chain Audit Law
    Next Headlines PostExclusive-Syrian Leadership Approved Return of Dead Spy Archive to Israel, Sources Say