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
    • 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 © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    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.

    Home > Finance > Far too early to lift US sanctions on Syria, lawmakers say
    Finance

    Far too early to lift US sanctions on Syria, lawmakers say

    Published by Global Banking & Finance Review®

    Posted on December 13, 2024

    3 min read

    Last updated: January 27, 2026

    The image depicts the UN Security Council session where Geir Pedersen addresses the dire humanitarian needs in Syria, emphasizing the necessity for a smooth end to sanctions to facilitate economic support and reconstruction efforts.
    United Nations envoy discusses Syria sanctions and humanitarian needs - 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

    Quick Summary

    US senators argue against lifting Syria sanctions post-Assad, citing governance and human rights concerns amid ongoing geopolitical tensions.

    US Senators Hesitate on Lifting Syria Sanctions Amid Concerns

    By Patricia Zengerle

    WASHINGTON (Reuters) - Republican and Democratic U.S. senators say it is too soon to consider lifting sanctions on Syria following the removal of President Bashar al-Assad, an indication that Washington is unlikely to change its policy any time soon.

    "We're all really happy that Assad is gone," Senator Jim Risch, the top Republican on the Senate Foreign Relations Committee, told Reuters. "We worked at it for a long, long time, and the job is done. The problem is, what comes next?"

    Hayat Tahrir al-Sham (HTS), a former al Qaeda affiliate that stormed across Syria and ousted Assad last week, is designated as a terrorist organization by the United States and most other countries, and also sanctioned by the United Nations.

    "So, given that, it certainly calls for considerable pause, to watch and see what happens," he said, noting that while rebel leaders were making encouraging statements about unity and human rights, it remains to be seen how they act.

    Risch will chair the foreign relations panel, which oversees U.S. diplomacy, starting in January when President-elect Donald Trump's fellow Republicans take control of the Senate.

    Trump, who takes office on Jan. 20, said the United States should not be involved in the Syrian conflict.

    Advocates say issuing waivers and licenses would encourage economic development and foreign investment, providing the rebels' new government with funding desperately needed to rebuild and establish government institutions.

    FOCUS ON HUMAN RIGHTS

    But opponents say the risk is too high until they are sure the rebels allow human rights, such as freedom of expression and religion, and do not attack members of minority groups.

    Senior Democrats also called for caution.

    "It's too early to tell whether the incoming regime's record will reflect a different way of doing business," Senator Ben Cardin, the current committee chairman, told a news conference.

    And Senator Chris Murphy, who chairs the Senate's Middle East subcommittee, also said it was too soon to lift sanctions, given the rebels' history of terrorist ties, but stressed the importance of communicating with the new authorities in Syria at a time when world powers are jockeying for influence there.

    "I do not think the United States should lock ourselves out of a room that everyone else is in," he told Reuters in a telephone interview, especially given the billions of dollars in assets and U.S. troop deployment in and around Syria.

    "I don't think we should be shy about opening lines of communications," Murphy said.

    Sanctions affect material support for Syria, but do not bar communications with its government.

    There have been a few calls in Congress to ease sanctions, but the overwhelming sentiment is against doing so.

    The House of Representatives on Wednesday passed the National Defense Authorization Act, or NDAA, which included an extension until 2029 of the "Caesar sanctions," which apply to business in Syria and any national dealing with Syria or Russian and Iranian entities in Syria.

    The NDAA is expected to pass the Senate next week, sending it to the White House, where President Joe Biden is expected to sign it into law.

    (Reporting by Patricia Zengerle, Editing by William Maclean)

    Key Takeaways

    • •US senators believe it's too early to lift sanctions on Syria.
    • •Concerns over rebel governance and human rights persist.
    • •Hayat Tahrir al-Sham's terrorist ties are a major issue.
    • •The NDAA extends Caesar sanctions until 2029.
    • •Communication with new Syrian authorities is deemed important.

    Frequently Asked Questions about Far too early to lift US sanctions on Syria, lawmakers say

    1What is the main topic?

    The article discusses US lawmakers' stance on maintaining sanctions on Syria following the removal of Bashar al-Assad.

    2Why are US sanctions on Syria being debated?

    Sanctions are debated due to concerns over the new rebel government's ties to terrorism and human rights issues.

    3What are the Caesar sanctions?

    The Caesar sanctions are US measures targeting business with Syria, extended until 2029 by the NDAA.

    More from Finance

    Explore more articles in the Finance category

    Image for French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    French miner Eramet's finance chief steps aside temporarily, days after CEO ouster
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Analysis-Glencore to focus on short-term disposals as Rio deal remains elusive
    Image for Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Belgium's Agomab Therapeutics valued at $716 million as shares fall in Nasdaq debut
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    EU hikes tariffs on Chinese ceramics to 79% to counter dumping 
    Image for AI trade splinters as investors get more selective
    AI trade splinters as investors get more selective
    Image for EU extends tariff suspension on $109.8 billion of US imports for six months
    EU extends tariff suspension on $109.8 billion of US imports for six months
    Image for Dog food maker Ollie acquired by Spain’s Agrolimen
    Dog food maker Ollie acquired by Spain’s Agrolimen
    Image for Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    Salzgitter to take over HKM steel joint venture, end clash with Thyssenkrupp
    View All Finance Posts
    Previous Finance PostGupta granted delay on document disclosure in long-running Trafigura case
    Next Finance PostLondon approves plan for joint-tallest tower in Western Europe