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Syria·Trade & Economy·Diplomacy·Sanctions

Syrian credit card payments restored as nation rejoins global economy

Tuesday, 12 May 2026, 06:13 · 1 min read

Syria has authorised its banks to process Visa and Mastercard payments, marking a significant step in the country's reintegration into the global financial system following years of isolation. Separately, the European Union has fully reactivated its cooperation agreement with Damascus (Syria's capital and seat of government), with EU foreign policy chief Kaja Kallas describing the move as "a signal of normalisation" — a process that also saw sanctions lifted against Syria's interior and defence ministers. Syria, however, still seeks removal from the US list of state sponsors of terrorism, which remains a key obstacle to its broader economic recovery.

Sources
Al Jazeera Arabicالاتحاد الأوروبي يُفعّل اتفاقية التعاون مع سوريا ويدعم جهود الإعمار ↗︎Al Jazeera Arabicخطوة أوروبية جديدة لإعادة العلاقات مع دمشق ↗︎Al Jazeera EnglishSyria restores credit card payments in effort to rejoin the global economy ↗︎
Also covered by
European Commission [1] [2]
This article was automatically compiled by AI from the sources above. It may contain inaccuracies. Always read the original sources for the full context.