U.S. Eases Financial Restrictions on Syria

The United States has issued a general license for Syria, permitting transactions with Syrian government institutions. This move also allows for energy-related and personal remittance transactions, according to information published on the Treasury Department's website.

The U.S. Treasury Department announced a significant policy shift on Monday, unveiling a general license that permits certain transactions with Syrian government institutions.

According to the department's website, this new license authorizes specific energy-related transactions in addition to personal remittance transfers, signaling a potential softening of sanctions.

Experts note that this change could facilitate greater economic interactions with Syria, possibly affecting its financial landscape.

(With inputs from agencies.)