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Home » Blog » UK lifts sanctions on dozen Syrian government bodies | Business and Economy News
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UK lifts sanctions on dozen Syrian government bodies | Business and Economy News

Emily Davis
By Emily Davis
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The sanctions to 12 Syrian entities eliminated, including the Ministries of Defense and Interior.

The United Kingdom has eliminated its sanctions to 12 entities of the Syrian government, including defense and interior mines and the General Directorate of Intelligence.

Thursday’s measure was held four months after the Hayat Tahrir Al-Sham (HTS) armed group led opposition groups to expel President Bashar al-Assad after more than 13 years of war.

Entities eliminated from the list of sanctions will no longer be subject to asset freezing, read The notice published by the implementation of the United Kingdom Financial Sanctions Office in London.

Those led by the sanctions were “involved in the repression of the civilian population in Syria” or had been “involved in the support or benefit of the Syrian regime” or Al-Assad, notification to the notification, which did not give an explanation for the list.

In March, the British government does not freeze the assets of the Central Bank of Syria and 23 other entities, including banks and oil companies. However, he has emphasized that the sanctions to the members of the Al-Assad regime would remain in place.

The new Syrian government led by HTS is trying to persuade Western capitals that paralyzing international sanctions must be lifted.

Speaking at a television event with former British prime minister Tony Blair, Sirio Foreign Minister Asaad al-Shaibani said earlier this year: “We inherit many problems of the Assad regime, but eliminating economic sanctions is key to the stability of stability.”

Some countries, including the United States, have said that they will wait to see how new authorities exercise their power and guarantee human rights before lifting sanctions, opting for specific and temporal exemptions.

Last week, a United Nations visiting official asked the Syrian authorities to begin the economic recovery process without waiting for Western sanctions to rise.

“Waiting for the sanctions to be lifted anywhere,” Abdallah told Dardari, regional head of the Arab States of the United Nations Development Program (UNDP), to the AFP news agency in an interview in Damascus.

Decades are needed to recover

An UNDP February report estimated that at current growth rates, Syria would need more than 50 years to return to the economic level before the war, and requested a massive investment to accelerate the process.

The UN study said that nine out of 10 Syrians now live in poverty, a quarter are unemployed and Syria’s GDP “has been reduced to less than half of its value” in 2011, the year in which war.

The Syrian Human Development Index score, which Factor in the Life, Education and Light of Lifetime expectations, has fallen to its sausage level since it was first included in the index in 1990, which means that war erased decades of development.

The UNDP report estimated the duration of “GDP lost” by Syria, the 2011-2024 war is approximately $ 800 billion.

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