... economic aid to Damascus
The ninth year of internal armed conflict has brought new challenges to Syria. According to
data from the United Nations Economic and Social Commission for Western Asia
published on September 23, 2020, the damage done to the Syrian economy by the end of 2019 exceeded USD 442 bn. Still, under sanctions and with no international consensus on how to finance recovery, the country has not only failed to overcome the acute economic crisis but has also been hit by the negative consequences ...
... Syria, moot.
The potential of Abkhazia and Crimea, which have already been hit by sanctions, to act as intermediaries is objectively increasing. For instance, the
Agreement between the Council of Ministers of the Republic of Crimea and the Ministry of Economy and Foreign Trade of the Syrian Arab Republic on Trade and Economic Cooperation as part of plans to create a joint trading house to export grain and industrial products to Syria with payments to be made in roubles, and the
Agreement on Cooperation between the Government of the ...
... military pressure on Iran, secure supplies can only be provided with the liberation of oil fields in the east or the replacement of Iranian oil with Russian oil. In the meantime, Russian companies are also threatened by the US’ secondary sanctions.
The Syrian economy took a big hit by the financial crisis in Lebanon, whose banking sector had always opened a window to the outside world for Syria. About a quarter of deposits in Lebanese banks belong to Syrian business, including government-related companies....
Report No. 41/2019
This report is the result of a collaborative study performed by the RIAC and the Center for Strategic Research (SAM) of the Ministry of Foreign Affairs of the Republic of Turkey. SAM publishes academic journal “Perceptions: Journal of International Affairs” (Turkey), an English language journal on foreign affairs. The materials included in this report were initially published in a special issue of
PERCEPTIONS
. The paper presents the views of Russian and Turkish experts in the...
... ships transporting Iranian petroleum under the sanctions.
The challenge is further aggravated by the sanctions that Russia itself faces and even more so
those that Iran
has come to experience. All of this contributes to the continuing crippling of the Syrian economy.
Against this background, Russia could step up as an oil supplier to Syria, yet its companies, including state-owned corporations, observe the sanctions’ regime and feel reluctant risking any violations for the sake of Syria. The associated ...
... community. Moscow also believes that Al-Assad will not cooperate with Europe until at least some sanctions are lifted. Russians and Europeans have to engage in a more specific discussion about the impact of international sanctions on various sectors of the Syrian economy, the political dynamics in Damascus, and what the notion of “smart sanctions” might mean in the case of Syria.
Fifth. Europe does not want to extend international recognition or legitimation to the Al-Assad regime. For many in Europe, Syria ...
... loss was not just eco-nomic, but has also implicated political sovereignty: any country which loses control over its sources of return loses political power and influence internally, regionally and internationally.
After Jordan closed its border with Syria, Jordan faced a real threat with the rising unemployment rate and international pressure on the government and the people to accept new terms and conditions to harbor refugees from Iraq, Syria, Palestine, and other countries. This huge demographic ...
RIAC Working Paper No. 51/2019
RIAC Working Paper No. 51/2019
The working paper considers Russia’s geostrategic interests in the Middle East and the concept of Russia’s
return to the world stage as a great power. The paper analyses Russia’s regional interests, including the
development of trade ties, attracting investment, gaining access to the arms market and influencing oil prices.
The working paper also evaluates the increased collaboration with the local actors accompanied by Russia’s
active...
... Foz
, a leading Syrian
businessman
, known for his ruthlessness in conducting business. In fact, in 2013, Foz served a six month jail sentence for killing a Ukrainian/Egyptian businessman in Istanbul, Turkey. Foz is involved in multiple sectors of Syria’s economy, including brokering grain deals, and a stake in a regime-backed joint venture involved in the development of Marota City—a luxury residential and commercial development project. After several of Al-Assad’s former business allies found themselves ...
... Russia’s involvement is an attempt by Putin to create a puppet state out of an Assad-run country to use as an additional ally on the negotiating table against NATO and so on. What Americans fail to recognize, however, is just how important a stable Syria is for the Russian economy, and that having Assad in power, regardless of just how far under Putin’s control the man is, is possibly the sole end goal of Russia.Tartous Port, Syria Ever since the days of the Roman Empire, the region of Syria has been an incredibly wealthy ...
