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 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.

A European Union official on Monday urged Syria’s new leadership to form an inclusive government, warning that EU sanctions would be reinstated if the situation does not progress in the “right direction.

Brussels says it seeks to encourage democracy as restrictions dealing with energy, transport and banking lifted.

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.

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

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 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”.

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 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.