The European Union on Monday began easing energy and transport sanctions and banking restrictions against Syria, aiming to help breathe life into the conflict-torn country’s economy if its new leaders work toward a peaceful future.

European Union countries on Monday suspended a range of sanctions against Syria with immediate effect, including restrictions related to energy, banking, transport and reconstruction.

On Monday, the Council decided to maintain lists linked to the Al-Assad regime, but approved the lifting of wide-ranging sanctions on key industries such as the energy, transport and financial sectors.