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The Globalist

Is the US softening relations with Syria?

Jan 8, 2025
Nicholas Ngo, Director of the Exchange Foundation, sheds light on the U.S. easing restrictions on Syria, suggesting a potential shift in Western policy. Zoe Grunewald discusses the UAE's new status as Africa's largest foreign investor, while Vicky Price analyzes the implications of rising borrowing costs in the UK. They also delve into luxury hotel trends in London and tackle the emerging beach etiquette crisis in Australia, where personal space and communal enjoyment collide.
58:54

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Quick takeaways

  • The U.S. has begun easing restrictions on Syria for humanitarian aid, signaling a potential shift in Western diplomatic strategy.
  • The UAE has overtaken China as Africa's largest foreign investor, reflecting a significant change in the continent's financial landscape.

Deep dives

Easing Sanctions on Syria

The U.S. Treasury has begun allowing a limited re-establishment of economic activity with Syria, authorizing select transactions primarily aimed at humanitarian aid. This move follows years of sanctions that hindered economic recovery under Bashar al-Assad's regime. However, this authorization is for only six months and is confined to Treasury-related operations, leaving out other critical areas like fuel imports, which makes it less significant for long-term economic renewal. The ability for countries like Turkey and Qatar to provide much-needed electricity and salary support to Syrian authorities is crucial for stabilizing the situation amidst a history of lessons learned from previous Middle Eastern conflicts.

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