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سيريانيوز
US Bank Supports Syria's First LC in 14 Years
J.P. Morgan, the American bank, successfully assisted Syria in issuing its first letter of credit in over 14 years, paving the way for a deal with Saudi Aramco to purchase fuel products this month. The bank helped confirm and execute the letter of credit, which facilitated the delivery of 65,000 tons of diesel, with hopes of adding gasoline and crude oil later on, amid rising global fuel prices and supply security challenges. This development comes after the lifting of U.S. sanctions on Syria and the reopening of international banking channels, supporting Syria's efforts to restore its financial relations internationally.
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