Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and 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.

    Home > Headlines > EU agrees to lift economic sanctions on Syria, Kallas says
    Headlines

    EU agrees to lift economic sanctions on Syria, Kallas says

    EU agrees to lift economic sanctions on Syria, Kallas says

    Published by Global Banking and Finance Review

    Posted on May 20, 2025

    Featured image for article about Headlines

    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)

    Related Posts
    UK to provide financial support to save its last ethylene plant
    UK to provide financial support to save its last ethylene plant
    Doctors in England begin five-day walkout during flu surge
    Doctors in England begin five-day walkout during flu surge
    Belarusian president calls for fast action on Ukraine war while US is engaged
    Belarusian president calls for fast action on Ukraine war while US is engaged
    Alleged Bondi Beach gunman to be charged within hours, Australia PM says
    Alleged Bondi Beach gunman to be charged within hours, Australia PM says
    Swift Anglo-Teck merger approval shows Canada's pro-business shift, dealmakers say   
    Swift Anglo-Teck merger approval shows Canada's pro-business shift, dealmakers say   
    Man, couple who died trying to stop Bondi Beach attackers praised for heroic efforts
    Man, couple who died trying to stop Bondi Beach attackers praised for heroic efforts
    Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
    Warner Bros likely to reject $108.4 billion Paramount bid, back Netflix in bidding war, sources say
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Slovaks rally against government moves they see damaging rule of law
    Slovaks rally against government moves they see damaging rule of law
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    US threatens countermeasures on European service providers after EU fines
    US threatens countermeasures on European service providers after EU fines

    Why waste money on news and opinions when you can access them for free?

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

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    EU drops 2035 combustion engine ban as global EV shift faces reset

    EU drops 2035 combustion engine ban as global EV shift faces reset

    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says

    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says

    FCAS fighter jet "very unlikely" after ministers' talks, source says

    FCAS fighter jet "very unlikely" after ministers' talks, source says

    Campari's parent company settles tax dispute with 405 million euro payment

    Campari's parent company settles tax dispute with 405 million euro payment

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Italy's offshore wind push languishes, putting climate goals at risk

    Italy's offshore wind push languishes, putting climate goals at risk

    New Rome metro stations showcase ancient treasures after years of delays

    New Rome metro stations showcase ancient treasures after years of delays

    New Czech government signals tough stance on migration, EU emissions rules

    New Czech government signals tough stance on migration, EU emissions rules

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    Zaporizhzhia nuclear plant running on single power line, Russia says

    Zaporizhzhia nuclear plant running on single power line, Russia says

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    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