President Donald Trump signed an executive order on Monday ending US sanctions on Syria, following through on his promise to do so.
White House press secretary Karoline Leavitt said the move was designed to promote and support the country's path to stability and peace".
Sanctions will remain in place on ousted former president Bashar Assad, his top aides and family.
The executive order is meant to end the country's isolation from the international financial system, setting the stage for global commerce and galvanising investments from its neighbours in the region, as well as from the United States", Treasury's acting under secretary for terrorism and financial intelligence, Brad Smith, told reporters on a call Monday to preview the administration's action.