"U.S. restrictions imposed in 2019 on financial flows were intended to punish the #Assad regime. Now, they are cutting #Syria off from money it desperately needs for reconstruction and economic development. Families and relief organizations cannot send assistance; refugees cannot transfer money from Western bank accounts to invest in a home or business; the International Monetary Fund and the World Bank cannot offer aid."

https://www.nytimes.com/2024/12/21/business/economy/syria-economy-sanctions.html?unlocked_article_code=1.lE4.fECg.SlHkVdx6NKXv&smid=url-share
#USsanctions #CaesarSanctions #CaesarAct @syria

For Syria’s Economy, the Way Forward Starts With Sanctions Relief

Years of strife ruined the energy sector, battered the currency and strangled growth. The West must ease financial controls to help the economy, experts say.

The New York Times