Fact Check: Syrian central bank's assets will no longer be frozen.

Fact Check: "Syrian central bank's assets will no longer be frozen."

What We Know

On March 6, 2025, the UK government announced the lifting of asset freezes on 24 Syrian entities, which notably included the Central Bank of Syria. This decision was made as part of a broader strategy to assist the Syrian people in rebuilding their country and economy after years of conflict and sanctions. The spokesperson from the Foreign, Commonwealth and Development Office (FCDO) emphasized that these entities were previously used by the Assad regime to fund oppression, but the lifting of sanctions aims to support a Syrian-led political transition process (UK Government).

In addition to the UK’s actions, reports indicate that the European Union also lifted partial asset-freeze measures against the Central Bank of Syria around the same time, further indicating a shift in the international stance towards the Syrian economy (Mayer Brown).

Analysis

The lifting of asset freezes on the Central Bank of Syria marks a significant change in the international approach to sanctions against Syria. The UK’s decision is part of a coordinated effort to facilitate economic recovery in Syria, which has been severely impacted by years of war and sanctions. The FCDO's statement highlights a commitment to support the Syrian people while maintaining sanctions against individuals involved in illicit activities, such as the trade of captagon, a drug that has been linked to the Assad regime (Reuters).

However, it is essential to consider the implications of this decision. Critics argue that lifting sanctions on the central bank could inadvertently provide resources to the Assad regime, which has been accused of human rights violations. The balance between humanitarian aid and the potential for enabling a repressive regime remains a contentious issue (Central Banking).

The sources cited are credible, with the UK government being an official entity and Reuters being a well-respected news organization. However, the motivations behind lifting sanctions can be complex and may involve geopolitical considerations beyond immediate humanitarian needs.

Conclusion

The claim that "Syrian central bank's assets will no longer be frozen" is True. The UK and EU have officially lifted asset freezes on the Central Bank of Syria as part of a broader strategy to aid in the country's recovery. This decision reflects a significant shift in policy, although it raises important questions about the potential consequences for governance and human rights in Syria.