For Syria’s Economy, the Way Forward Starts With Sanctions Relief
Published On Dec 21, 2024, 12:01 AM
The article discusses the devastating impact of the Syrian civil war on the country's economy, emphasizing that the collapse of Bashar al-Assad's regime has left a ruined energy sector, a depreciated currency, and extreme poverty affecting 90% of the population. Experts believe that lifting Western sanctions is critical for rebuilding the economy, which relies heavily on oil and agriculture but has been further affected by illegal drug exports.
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If sanctions are lifted, investment in the region may revive, particularly in energy and agriculture sectors. However, the immediate effects of current sanctions and the ongoing state of instability will likely deter investments. Additionally, companies in the energy sector may hold off until the political situation stabilizes further.
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