November 27, 2012

How Russia Is Keeping Syria in the Money

ProPublica, ProPublica

AP Photo

This past summer, as the Syrian economy began to unravel and the military pressed hard against an armed rebellion, a Syrian government plane ferried what flight records describe as more than 200 tons of "bank notes" from Moscow.

The records of overflight requests were obtained by ProPublica. The flights occurred during a period of escalating violence in a conflict that has left tens of thousands of people dead since fighting broke out in March 2011.

Receive email alerts

The regime of Bashar al-Assad is increasingly in need of cash to stay afloat and continue financing the military's efforts to crush the uprising. U.S. and European sanctions, including a ban on minting Syrian currency, have damaged the country's economy. As a result, Syria lost...

Read Full Article ››

TAGGED: Syria, Russia, Moscow, bank, Syrian government


November 22, 2012
In Mideast, Russians Have Upper Hand
Mark Leon Goldberg, Globe & Mail
Russia has historic and military ties to Syrian president Bashar al-Assad, so it has been reluctant to go along with the rest of the Council – and most of the rest of the world – in pressuring Mr. Assad to end the war... more ››
November 23, 2012
Why Obama Should Sign Magnitsky Act
Jamison Firestone, Moscow Times
The Magnitsky Act is a recognition by Congress that the reset policy was a mistake. In 1975, after the U.S. Congress passed the Jackson-Vanik amendment, which withheld U.S. trade benefits to certain countries that restricted... more ››
November 21, 2012
Putin Turning Russia into One Big Enron
Anders Aslund, Moscow Times
In a few quick decisions, President Vladimir Putin has devastated Russia's energy policy. This daring radical change of strategy will primarily hit state revenues. The essence of these policy changes is renationalization, a... more ››
November 15, 2012
Russia's Corruption Scandal Grows
Ariel Cohen, The National Interest
If last week’s corruption scandal involving the former Russian defense minister was not embarrassing enough for Moscow, the plot now thickens. more ››