On May 23, 2025, the Treasury Department's Office of Foreign
Assets Control ("OFAC") issued Syria General
License 25 ("GL 25"), effectively lifting U.S.
sanctions on Syria. This move follows President Trump's
announcement on May 13, 2025, during a trip to the Middle East,
that the United States would lift sanctions on Syria following the
overthrow of the Assad regime and the establishment of a
transitional government led by President Ahmed al-Sharaa.
In an accompanying press release, the
Treasury Department noted that sanctions relief "is intended
to help rebuild Syria's economy, financial sector, and
infrastructure," and that "it is critical to bring new
investment into Syria and support the new Government of
Syria." The Treasury Department indicated that the sanctions
relief is contingent upon the new Syrian government implementing
effective measures to safeguard its religious and ethnic minorities
and to refrain from providing safe harbor to terrorist groups.