The U.S. administration of President Donald Trump on Friday issued a broad sanctions relief for Syria, saying the measure sought to encourage investment in the war-ravaged Middle Eastern country.  

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 25 to provide "immediate sanctions relief," an official press release read. 

“As President Trump promised, the Treasury Department and the State Department are implementing authorizations to encourage new investment into Syria. Syria must also continue to work towards becoming a stable country that is at peace, and today’s actions will hopefully put the country on a path to a bright, prosperous, and stable future,” said Secretary of the Treasury Scott Bessent. 

Damascus meanwhile announced it was rolling out various measures to attract foreign investment, said Finance Minister Mohammad Yasser Barniyah. ... Read More: i24