Syria hopes to have US sanctions formally lifted in coming months, says economy minister

Sign up now: Get STs newsletters delivered to your inbox

People walk near the Syrian flag, as U.S. President Donald Trump announced that he would order the lifting of sanctions on Syria, in Aleppo, Syria May 14, 2025. REUTERS/Mahmoud Hassano

LONDON - Syria hopes that U.S. sanctions against the country will be formally lifted in the coming months, the countrys Economy Minister Mohammad Nidal al-Shaar told Reuters on Tuesday.

U.S. President Donald Trump ordered most sanctions lifted on the country in May after meeting with Syrian President Ahmed al-Sharaa, but the Caesar Syria Civil Protection Act of 2019 authorising them remains U.S. law.

“We have to do some push and some lobbying to continue with this path that started in the right direction, and were hoping by the end of the year the bill will reach the president, and hopefully hell sign it, al-Shaar said on the sidelines of a conference in London.

And once that happens, then we are sanctions-free.”

He also said the government planned to introduce a new currency maybe early next year.

“Were consulting with many entities, international organizations, experts, and eventually it will come very soon. REUTERS