The Financial Crimes Enforcement Network (FinCEN), an affiliate of the US Treasury Department, has issued an exceptional exemption allowing financial institutions to deal with the Commercial Bank of Syria, open accounts, and transfer funds to and from Syria. In a statement published by the...

European Council President Antonio Costa congratulated Syrian President Ahmed al-Sharaa on Wednesday over the European Union’s decision to lift economic sanctions on Syria, calling it a “real opportunity for Syria’s recovery and reconstruction.” Al-Sharaa received a phone call from...

Asharq Al-Awsat revealed that talks have been underway between Damascus and Moscow since last March regarding debts owed to the Russian government, estimated at between $20 and $23 billion. The Saudi newspaper also revealed that Iran is demanding repayment of its debts owed to the former...

Syria’s foreign minister said on Tuesday that the lifting of sanctions on his country showed an “international will” to support Damascus, after EU countries agreed to end the bloc’s economic sanctions. In a press conference in Damascus alongside his Jordanian counterpart, Asaad...