US President Donald Trump has announced that the United States will remove Syria from its terrorism sanctions list, ending more than four decades of financial restrictions on the country.
Trump made the announcement during his visit to Riyadh on May 13, 2025, after meeting with Saudi and Turkish leaders to discuss Syria’s future following the fall of the Assad government.
The decision was officially implemented through an Executive Order signed on June 30, 2025, which came into effect on July 1.
The order revoked six previous executive orders that had formed the basis of the US sanctions on Syria over the years.
As a result, 518 individuals and organisations were removed from the US Treasury Department’s Specially Designated Nationals (SDN) List.
This means hundreds of Syrian businesses and individuals can now access the global financial system without facing the restrictions that previously affected banks and financial institutions.
However, sanctions against former Syrian president Bashar al-Assad and some of his associates remain in place.
The United States also reviewed sanctions linked to Hay’at Tahrir al-Sham (HTS), the armed group that has played a key role in discussions on Syria’s post-Assad government. By the end of 2025, HTS leader al-Sharaa and several others had been removed from some sanctions lists following those reviews.
The changes have also affected the cryptocurrency sector.
Binance has lifted geographic restrictions on Syrian users, allowing them to trade cryptocurrencies, including Bitcoin. This gives many Syrians access to digital financial services after years of relying mainly on cash because of the country’s civil war and international isolation.
For years, Syria’s financial system was heavily affected by several layers of sanctions, especially the Caesar Syria Civilian Protection Act of 2019, which imposed some of the toughest US economic penalties on the country.
As a result, many Syrians were unable to access international banking services, use major payment platforms or trade digital assets without exposing other parties to legal risks.
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