- 15:20
The Partial Lifting of European Sanctions Is Insufficient
The partial lifting of European sanctions on Syria is a positive step that could help accelerate economic recovery. However, this measure remains inadequate given the urgent need for support. While some Gulf Cooperation Council (GCC) countries, notably Qatar and Saudi Arabia, are willing to assist Syria’s new authorities, their aid has been limited. Analysts suggest that concerns over US sanctions are the primary reason for this caution.
Alarming Poverty Levels
Meanwhile, the Syrian population continues to endure the devastating consequences of this deadlock. The poverty rate has skyrocketed to nearly 90%, three times higher than before the war. According to a United Nations report published last Thursday, 75% of Syrians now rely on humanitarian aid.
The situation is even more dire: 9 out of 10 Syrians live below the poverty line, 1 in 4 is unemployed, and the country’s GDP has shrunk to less than half of its 2011 level. Furthermore, the Human Development Index, which measures life expectancy, education and living standards, has dropped to levels not seen since 1990, erasing over 30 years of progress due to the war.
Uncertain US Stance
To complicate matters, the United States’ stance on Syria's new authorities remains unclear. According to multiple media sources, Washington may clarify its policy within the next two weeks, either maintaining its strict approach or adopting more flexible measures to support Syria’s recovery.
While the European Union favors lifting sanctions and is keen to see Syria emerge from its crisis, the US remains the main obstacle. Without Washington’s approval to ease or lift sanctions, any positive impact will remain limited, particularly in the banking and financial sectors. The lack of access to international banking systems, SWIFT codes and financial transfers hampers economic activity, as transactions heavily rely on banks, wire transfers and other financial services.
European Easing Yet to Be Confirmed
The EU has committed to facilitating economic transactions, even if the US does not lift its sanctions. However, the implementation of this promise is still up for debate. Meanwhile, pressures from Europe, Turkey and Arab nations are reportedly mounting on Washington to secure a gradual easing of sanctions.
The partial suspension of European sanctions in the banking, energy and transport sectors marks a significant step forward. It reflects both political momentum and an understanding of Syria’s economic potential, highlighting “the economic benefits of investing in Syria.” Reform projects in infrastructure and energy are set to launch soon, with European banks expected to play a key role in facilitating these initiatives.
However, it is important to note that European sanctions could be reinstated if Syria’s new authorities, particularly those with ties to Islamist movements, fail to uphold human rights or democratic values. This stance was reaffirmed by European foreign affairs chief Kaja Kallas in January.
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