Damascus: Minister of Economy and Industry, Nidal al-Shaar, stated in a meeting with SANA agency that the Syrian economy is currently grappling with significant challenges due to the policies of the former regime, which led to the systematic destruction of various sectors and infrastructure.

According to Syrian Arab News Agency, Minister al-Shaar emphasized that the Syrian economy during the former regime’s tenure was disorganized and lacked a clear identity. This situation presents substantial challenges not only to the current government but also to the Syrian people. To address these issues, realistic economic plans are being developed that involve the participation of both the people and decision-makers.

The minister further mentioned that it is not feasible to build a new Syrian economy under the existing unjust sanctions, which were imposed primarily on the former regime. He noted that the European Union and the United States are beginning to understand the new reality following the regime’s fall, and the government is receiving positive signals regarding this matter.

Additionally, al-Shaar welcomed the recent reduction of some sanctions on Syria, suggesting that the country is starting to regain its standing in the international community. He articulated that lifting the sanctions, particularly restoring Syria’s access to the global banking system (SWIFT), would lead to a significant economic transformation and attract funds and investments into the country.