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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.