European Union countries suspended a range of sanctions against Syria with immediate effect on Monday, including restrictions related to energy, banking, transport and reconstruction.The EU has a range of sanctions in place targeting individuals and economic sectors in Syria.

The European Union is easing energy, transport and banking sanctions against Syria. It hopes to breathe life into Syria's economy and encourage its new leaders to work toward a peaceful future.

In an effort to "facilitate engagement" with Syria's new leaders, the European Union on Monday suspended sanctions on Syria's energy, transport, and banking sectors, on the condition that the new

Sharaa’s interim government has been trying to court the international community to encourage investment and ease sanctions to allow Syria’s economy to recover.

EU announced Monday it is suspending sanctions on Syria’s energy, transport, banking sectors to aid country’s reconstruction after fall of Assad regime - Anadolu Ajansı

The EU on Monday lifted a number of economic sanctions on Syria, after the fall of Bashar Assad's regime late last year. “We will go forward with the suspension of sanctions against Syria,” the EU's foreign policy chief Kaja Kallas said before a meeting of foreign ministers in Brussels. “This includes the transport, energy and banking sectors.”

The European Union is set to suspend Syria sanctions related to energy, transport and reconstruction, according to a draft declaration seen by Reuters.

Kaja Kallas, the EU’s top diplomat, said that the decision to lift sanctions is “immediate and open-ended” but warned that it “can be reversed if Syria's new rulers backtrack [on] their commitments”.

EU also lifted asset freezes on five banks, eased restrictions on Syria’s central bank, and extended indefinitely an exemption designed to support the delivery of humanitarian aid.

The European Union on Monday suspended a series of sanctions against Syria, including restrictions on energy, banking, transport, and reconstruction, in a move that takes immediate effect.

The European Union has agreed to partially suspend several sanctions on Syria’s energy industry, including scrapping bans on importing crude from the country and on exporting technologies to the oil and gas industry.