The European Union (EU) has announced the lifting of all economic sanctions on Syria, as well as the removal of 24 entities of this Arab country, including the central bank, from its “blacklist.”

“The Council [of the EU ] has adopted legal acts lifting all economic restrictive measures on Syria, with the exception of those based on security grounds [including counterterrorism measures],” the EU Council said in a press release on Wednesday.

“Council has also removed 24 entities from the EU list of those subject to the freezing of funds and economic resources. Several of these entities are banks, including the Central Bank of Syria, or companies operating in key sectors for Syria’s economic recovery -such as oil production and refining, cotton, and telecommunications- while others are media and tv outlets,” the Council added. 

It noted that the “adoption formalises the political decision announced on 20 May 2025, and aims at supporting the Syrian people in reuniting and rebuilding a new, inclusive, pluralistic and peaceful Syria.”