European Union countries suspended a range of sanctions against Syria with immediate effect on Monday, including restrictions related to energy, banking, transport and reconstruction.

To encourage democratic development and achieve a peaceful and inclusive political transition, and to aid the swift reconstruction and economic recovery of the country and facilitate its eventual reincorporation into the global financial system,

The European Union has agreed to partially suspend several sanctions on Syria’s energy industry, including scrapping bans on importing crude from the country and on exporting technologies to the oil and gas industry.

The European Union on Monday began easing energy and transport sanctions and banking restrictions against Syria, aiming to help breathe life into the conflict-torn country’s economy if its new leaders work toward a peaceful future.

European Union countries on Monday suspended a range of sanctions against Syria with immediate effect, including restrictions related to energy, banking, transport and reconstruction. The EU has a range of sanctions in place targeting both individuals and economic sectors in Syria.

The European Union is set to suspend Syria sanctions related to energy, transport and reconstruction, according to a draft declaration seen by Reuters.

Sharaa’s interim government has been trying to court the international community to encourage investment and ease sanctions to allow Syria’s economy to recover.

Brussels says it seeks to encourage democracy as restrictions dealing with energy, transport and banking lifted.

While the EU has maintained a broad range of sanctions targeting both individuals and key economic sectors in Syria, this latest move reflects a shift in strategy in light of the new political reality.

With the European Union poised to ease sanctions on Syria following the ouster of its former governing regime last fall, Europe’s bishops have urged the protection of persecuted communities and investment in rebuilding.

The European Union on Monday began easing energy and transport sanctions and banking restrictions against Syria, aiming to help breathe life into the conflict-torn country’s economy if its new leaders work toward a peaceful future.

European Union countries suspended a range of sanctions against Syria with immediate effect on Monday, including restrictions related to energy, banking, transport and reconstruction. The EU has a range of sanctions in place targeting individuals and economic sectors in Syria.