Published by Global Banking & Finance Review®
Posted on January 9, 2026
2 min readLast updated: February 27, 2026
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The EU allocates $722 million to aid Syria's recovery, focusing on reconstruction and humanitarian needs, while planning future political partnerships.
BRUSSELS, Jan 9 (Reuters) - The European Union will grant Syria around 620 million euros ($722 million) this year and next for post-war recovery, bilateral support and humanitarian aid, European Commission President Ursula von der Leyen said on Friday.
"After years of devastation under the Assad regime, Syria's recovery and reconstruction needs are immense, and I just could see (it) by my own eyes," she said during a visit to the Syrian capital Damascus.
Von der Leyen said the EU wants to start talks on reviving a cooperation accord with Syria and that it will launch a new political partnership with the country, including high-level talks in the first half of 2026.
Last year, the EU lifted economic sanctions on Syria after rebels toppled longtime autocratic President Bashar al-Assad following over a decade of civil war.
Von der Leyen said the recent escalating violence in the northern Syrian city of Aleppo between government forces and Kurdish fighters this week was "worrisome", and that continued dialogue between all parties was "urgently needed".
($1 = 0.8588 euros)
(Reporting by Lili Bayer, writing by Louise Rasmussen, editing by Inti Landauro)
Humanitarian aid refers to assistance provided to people in need, often during crises, such as natural disasters or conflicts, to alleviate suffering and support recovery.
Economic recovery is the process of a country's economy rebounding after a recession or downturn, characterized by growth in GDP, employment, and production.
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the EU's policies and budget.
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