Monday, 03 November 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Trump Vows to Lift Sanctions on Syria in Wake of Assad Fall
Wednesday, 14 May 2025 00:55 WIB | GLOBAL ECONOMIC |

President Donald Trump said he'll lift US sanctions against Syria following the toppling of former President Bashar al-Assad, a boost to the war-ravaged country's ambitions of rejoining the international community.  

"I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness," Trump said in an address to a Saudi-US investment summit in Riyadh on Tuesday. "It's their time to shine."

The US leader will go on to briefly meet Syria's new president, Ahmed al-Sharaa, in the Saudi capital on Wednesday, a White House official said earlier. 

The lifting of US sanctions will come as a significant boost for Sharaa, whose rebel group overthrew Assad's regime in a December uprising. He's presenting his administration as a fresh start for Syria after more than a decade of war, which led to the global isolation of Assad and devastated the country's economy. 

Syria's Foreign Minister Asaad Al-Shaibani described Trump's comments as a "turning point" for the Syrian people.

"We think of this announcement extremely positively," he told Syrian state-run news agency Sana. "President Trump can achieve an historic peace agreement and a real victory for the US's interests in Syria."

Trump credited recent discussions with Saudi Crown Prince Mohammed Bin Salman and Turkish President Recep Tayyip Erdogan for persuading him to make the move. 

"Oh, what I do for the crown prince," he said, while looking at Saudi Arabia's de-facto leader, the host of Trump's first scheduled foreign trip of his second term. 

Trump is visiting Saudi Arabia, Qatar and the United Arab Emirates this week. While he's keen for them to invest billions of dollars in the US, he also wants to tout his peace-making credentials and ability to stabilize the region's conflicts.

"For the first time in a thousand years, the world will look at this region not as a place of turmoil and strife and war and death, but as a land of opportunity and hope," Trump said, expressing a wish to resolve the conflict between Israel and Hamas and tame long-time US adversary Iran. 

Saudi Arabia had pushed for the US to cut sanctions in a bid to rebuild Syria, and ensure it remains in the Arab orbit after Iran lost its influence with the downfall of Assad, an ally of Tehran. Russia had previously helped to prop up the former Syrian president, who fled to Moscow after his shock ouster.  

Influential Syrian Americans have lobbied the US government and figures close to Trump to support the Sharaa-led transition.

Yet Sharaa's past as an al-Qaeda-affiliated commander and the presence of extreme Islamists among his followers have made Washington and the likes of Israel wary of the new administration.

Sharaa's quest took a setback when hundreds of minority Alawites were killed by government loyalists in vigilante attacks earlier this year. The Druze community called for international assistance following clashes with government forces in recent weeks, drawing military intervention from Israel.

Still, the meeting with Trump will follow Sharaa's visit last week to see French President Emmanuel Macron in Paris. That was the Syrian leader's first trip outside the Middle East since he became president and a sign of how Western nations are keen to support his government.

Source : Bloomberg

 

RELATED NEWS
Trump Cuts China Tariffs After 'Excellent' Xi Meeting ...
Thursday, 30 October 2025 16:01 WIB

US President Donald Trump said Thursday that he had agreed with President Xi Jinping to cut tariffs on China in exchange for Beijing cracking down on illegal fentanyl trade, resuming purchases of U.S....

China Confirms Xi And Trump Will Meet In South Korea On Thursday ...
Wednesday, 29 October 2025 17:08 WIB

China has confirmed that President Xi Jinping will meet with US President Donald Trump in South Korea on Thursday. The meeting is a highly anticipated one that traders and investors on both sides of t...

US And Japanese Leaders Sign Agreements On Rare Earths And Nuclear Power Ahead Of This Week's Trump-Xi Meeting ...
Tuesday, 28 October 2025 17:19 WIB

Japan and the United States have agreed to cooperate on next-generation nuclear power reactors and rare earths, as Tokyo seeks to re-enter the nuclear technology export market and both seek to reduce ...

U.S., China Set Stage for Trade Deal Before Trump–Xi Meeting...
Monday, 27 October 2025 07:18 WIB

Top U.S. and Chinese negotiators said they reached a consensus on key disputes, paving the way for Presidents Donald Trump and Xi Jinping to meet later this week and finalize a trade deal aimed at eas...

US Launches Investigation into China's Compliance with 2020 Trade Agreement...
Friday, 24 October 2025 23:56 WIB

The U.S. Trade Representative on Friday announced the launch of an investigation into China's implementation of the trade agreement signed during President Donald Trump's first term. "The launch of t...

LATEST NEWS
Asia Mixed: Nikkei Speeds Up, Kospi Green, HSI Wait & See

Asian stock markets moved mixed on Monday, November 3, 2025. Japan led the gains: the Nikkei 225 remained near its record high of around 52.4 thousand, helped by euphoria over technology stocks and domestic stimulus sentiment. Real-time LSEG data...

OPEC+ Surprises, Oil Prices Slightly Slid

Oil prices rose in early Asian trading after OPEC and its allies (OPEC+) agreed to increase production by 137,000 barrels per day in December. Despite the increase, the group stated that it would not increase production during the first three...

China Halts Gold Incentives, Prices Fall

Gold prices fell early in the Asian session after China's Ministry of Finance ended tax incentives for precious metal sales as of November 1st. This decision surprised the market, as the previous rules had helped ease the tax burden on gold...

POPULAR NEWS
European Stocks Slightly Lower
Friday, 31 October 2025 15:43 WIB

European stocks edged lower on Friday (October 31st), with the STOXX 50 and STOXX 600 down 0.1%, as corporate earnings remained in focus and...

Fed's Logan Says She Doesn't Want Interest Rate Cuts Because Inflation Remains High
Friday, 31 October 2025 20:13 WIB

Federal Reserve Bank of Dallas President Lorie Logan said she does not support the U.S. central bank's decision to cut interest rates this week and...

US Stocks Close Higher
Saturday, 1 November 2025 04:44 WIB

The Nasdaq Composite rose 0.7% and the S&P 500 gained 0.3% on Friday, led by a 10.8% surge in Amazon shares after the company said cloud revenue...

Asia Mixed: Nikkei Speeds Up, Kospi Green, HSI Wait & See
Monday, 3 November 2025 08:35 WIB

Asian stock markets moved mixed on Monday, November 3, 2025. Japan led the gains: the Nikkei 225 remained near its record high of around 52.4...