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Syria gets new cash shipment from Russia in sign of warming ties
Timour Azhari - Reuters -
09/03
Syria received a new shipment of its local currency printed in Russia on Wednesday and more shipments were expected in the future, a Syrian government official said, in a new sign of improving ties between Moscow and Syria's new rulers.
BEIRUT, March 6 (Reuters) - Syria received a new shipment of its local currency printed in Russia on Wednesday and more shipments were expected in the future, a Syrian government official said, in a new sign of improving ties between Moscow and Syria's new rulers.
The cash arrived via plane at Damascus airport on Wednesday and was taken by a convoy of several trucks to the central bank, according to a separate source familiar with the matter.
Syria began paying Russia to print its currency under a multi-million dollar contract during the 13-year-old Syrian civil war, after Damascus' previous contract with a subsidiary of the Austrian central bank was terminated due to European sanctions.
It is unclear if the arrangement is now continuing under the same terms. One source familiar with the contract said it was.
Russia backed Syrian autocrat Bashar al-Assad during the war, swaying the conflict with its bombardment of rebels including the Islamist group Hayat Tahrir al-Sham that ousted Assad in a lightning offensive last year.
But Russia quickly moved to maintain its ties with Damascus in the weeks after Assad fled to Moscow, with an eye on keeping its t... [Short citation of 8% of the original article]
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