Switzerland Lifts Economic Sanctions to Aid Syria's Recovery

Switzerland announced the lifting of economic sanctions on Syria to support the nation's economic recovery and political transition. Restrictions on financial services, precious metals, and luxury goods exports are being removed. Sanctions targeting individuals connected to the former regime will remain in effect.

Switzerland is lifting economic sanctions on Syria, including the central bank, to aid in recovery efforts post-Assad's fall, according to the Federal Council.

The move follows an earlier easing in March and seeks to foster economic and political stabilization by removing barriers on financial services and luxury goods.

This step aligns with similar decisions made by the EU and the U.S. Treasury Department earlier, aiming to promote peace and recovery in Syria.

(With inputs from agencies.)