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Syria’s Economic Hopes Rise with New Sanctions Outlook

Under new leadership, Syrian business owners are optimistic about potential economic revival.

By Raja AbdulrahimSource: nytimes.com1 min read
Syria’s Economic Hopes Rise with New Sanctions Outlook
Image via nytimes.com

In brief

After the civil war, hopes emerge for a brighter future as U.S. sanctions may soon be lifted.

In the aftermath of the fall of Bashar al-Assad's regime, the atmosphere in Syria is charged with anticipation. Business owner Rasin Katta, who fled to Germany during the tumultuous civil war, received thrilling news from a former partner in Damascus: plans to rejuvenate their factory could soon be underway. For many like Katta, the removal of strict U.S. sanctions is key to reviving their operations. After years of hardship, the community's optimism surged when President Trump hinted at lifting the sanctions on Syria during a recent trip to Saudi Arabia. "We can move forward," Katta expressed after the announcement, signaling a moment of hope for a nation long beleaguered by conflict and economic turmoil. U.S. sanctions, grounded in Syria being labeled as a state sponsor of terrorism since the 1970s, intensified over the years following the regime’s severe crackdown on protesters in 2011. Now, as the landscape shifts, Syrian entrepreneurs sense that a new chapter might be on the horizon, one that could rebuild their shattered economy.

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