Washington, May 24 -- The United States took initial steps on Friday to ease sanctions on Syria, following President Donald Trump's pledge to do so during his Middle East trip.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a document, known as GL 25, to ease financial restrictions on Syria.
GL 25 will enable new investment and private sector activity in Syria, according to a statement of the department. The authorization was designed to "help rebuild Syria's economy, financial sector and infrastructure, in line with U.S. foreign policy interests."
The new policy could bring new investment, the provision of financial and other services to Syria, and permit transactions related to Syrian-origin petrol...