... 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 of the coronavirus pandemic, compounded by an unstable situation ...
... possibility of non-sanctioned Lebanon acting as an intermediary, suggesting that China
invest in the Tripoli port
in order to transform it into a “hub” for entry into 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 ...
... 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 risks of being put on the lists administered by the US Department of the Treasury's Office of Foreign Assets Control are assessed as high, whereas the ...
The most prominent and currently active businessmen in Syria
After raging for eight years, the violent phase of the Syrian civil war ... ... funds—as well as international funds, companies and suppliers—inaccessible.
Economic Sanctions as an Obstacle
Andrey Kortunov, Michel Duclos:
Four Dreadful Scenarios for... ... 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...
... had hoped; energy remains the basis for relations between the two countries; and, given the interests of both countries, the Syrian crisis will contribute to furthering the dialogue and shaping a positive agenda.
In global politics, great attention is ... ... regional potential; achieving progress in issues relating to the settlement of the protracted Syrian crisis.
Lifting the Economic Sanctions, or one Good Apple in the Bunch
President Putin’s latest visit to Istanbul is of great significance for the future ...
... Russian International Affairs Council (RIAC), thinks that greater cooperation between Russia and Western powers is possible in Syria and that the Russian people, like its counterparts, is wondering why a large joint anti-terrorist coalition doesn’t exist. Western economic sanctions have been counter-productive since they failed to change Russia’s position in Ukraine and to erode President Putin’s ... ... sound economic relations between EU countries and Russia?
A.K.:
The sanctions did have a serious negative impact on the Russian economy. However, they failed to change the Russian position in Ukraine or to erode the popularity of President Putin inside Russia....
