EU suspends certain restrictive measures on Syria

The European Council announced on Monday that it has decided to suspend a number of restrictive measures in light of the situation in Syria.

The decision is part of the EU’s efforts to support an inclusive political transition in Syria, as well as its economic recovery, reconstruction, and stabilisation.

The new measures include the suspension of sectoral restrictions in the energy and transport sectors, the introduction of exemptions to the prohibition on establishing banking relations between Syrian banks and financial institutions within EU member states, allowing transactions related to the energy and transport sectors, as well as those necessary for humanitarian and reconstruction purposes. Additionally, the existing humanitarian exemption has been extended indefinitely, and an exemption has been introduced for the export of luxury goods to Syria for personal use.

Attribution: Amwal Al Ghad English