AM:10:47:12/05/2022
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SULAIMANI — The US will allow limited foreign investment in
parts of Syria that are not under the control of the Syrian government, the
acting secretary of state, Victoria Nuland, said on Wednesday (May 11).
The move would allow economic investment free from US
sanctions imposed on the Assad regime, according to Reuters.
Washington seeks to permit investment in areas liberated
from the Islamic State (ISIS), Nuland said in a meeting of the global coalition
in Morocco on Wednesday.
The ease on restrictions would apply to areas held by the
Kurdish-led Syrian Democratic Forces (SDF), as well as territory under the
control of Turkish-supported militias.
A diplomat informed Reuters the changes would apply to
agriculture and rebuilding but does not cover northeast Syria’s limited oil
reserves.
Nuland stated the US wants to raise $350 million to put
toward stabilization in northeast Syria in 2022 and a similar sum for Iraq in
order to boost investment and work against any resurgence of ISIS.
Previous US licenses on investment in Syria were limited to
battling the COVID-19 pandemic in the country, Reuters said.
(NRT Digital Media)