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Al Jazeera
Al Jazeera
Politics
Justin Salhani

Trump’s decision to lift Syria sanctions fuels dreams of economic revival

A handout picture provided by the Saudi Royal Palace shows Saudi Crown Prince Mohammed bin Salman, right, watching as US President Donald Trump, centre, shakes hands with Syria's interim President Ahmed al-Sharaa in Riyadh on May 14, 2025 [Bandar Al-Jaloud/Saudi Royal Palace/AFP]

In Syria, optimism abounds. The unexpected decision by United States President Donald Trump to lift sanctions on the country, announced in Riyadh on Tuesday, is a relief for Syrians. They hope that the move will reintegrate Syria into the global economy, and bring much-needed investment into a country trying to recover from more than 50 years of dynastic family rule, as well as a nearly 14-year-long war.

The impact of Trump’s statement, which he said would give Syria “a chance at greatness” after the December overthrow of Bashar al-Assad, had an almost immediate effect, as the Syrian pound strengthened against the US dollar by about 25 percent, in a boost to a country suffering through economic hardship.

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