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Reuters
Reuters
Business

Syria govt criticises U.S. decision to allow investment in country's north

Syria's foreign ministry on Friday criticised a U.S. decision to allow some foreign investment in areas of northern Syria that are outside of government control, vowing to "defeat" the move.

On Thursday, the U.S. Treasury Department approved activities in 12 sectors including agriculture, construction and finance, in what it said was a strategy designed to defeat Islamic State through economic stabilisation.

The decision does not permit any transactions with the government of Syrian President Bashar al-Assad or others blacklisted by the U.S. during the 11-year-long Syrian war.

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