President Donald Trump has issued an Executive Order lifting majority of U.S. sanctions imposed on Syria.
In the order, Trump said that he is waiving a number of sanctions imposed on Syria under the former regime of Bashar al-Assad because there has been a fundamental change in the leadership and policies of the current Government of the country.
Trump has ordered to lift the restriction on foreign assistance; U.S. Government credit, credit guarantees, or other financial assistance; the export of national security-sensitive goods and technology; and the restriction on U.S. banks from providing any loan or credit to the Government of Syria.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.