Crimea (22)


In the past few weeks, a Danish company has faced charges of supplying jet fuel to Russian forces in Syria in violation of EU sanctions, Russian entities have been blacklisted by OFAC on the same charges, while a Syrian investor saw his blacklisting confirmed by an EU court.


A trade centre to boost business with Crimea is opening in Damascus, while China and Iran plan to build trade centres to boost their exports to the country.


The 61st edition of the Damascus International Trade Fair closed its doors last week with mixed results for the Syrian government and economy.


A Russian company is negotiating with the Syrian government to rehabilitate two grain silos in the ports of Lattakia and Tartous, potentially enabling a strengthening of Russia’s hold on Syria’s wheat supply chain.


A business event held in Yalta last month has highlighted a change of mood in the perception of Syria among Russian investors and the continued isolation of the government.


The Syrian minister of transport has given more details on the Tartous deal with Russia, partly to deflect strong criticism coming from loyalists.


A selection of reports, papers and articles on Syria including a special section this week on Trump's Golan decision.


Syria has signed a contract to buy new volumes of wheat from Russia at prices that remain well above world market levels.


Syria and Crimea have signed several economic and trade agreements, highlighting the role of the peninsula in the Syrian-Russian relation.


The two tables below list the Russian companies involved in Syria since the beginning of the Russian military intervention in the country in September 2015.


The Syrian cereals buying entity has issued a new tender for wheat imports as it seeks to compensate for the significant production shortage.


Russian officials have provided more details about their country’s participation in the Damascus International Trade Fair, which will be held starting next week.


Updated on July 26, 2018 (see bottom of article): Two cargo ships transporting wheat from Crimea to Syria have been delisted from registries, while a Makhlouf-related businessman has been removed from the EU sanctions list.


Three new Syrian nationals have been indicted by the U.S. Department of Justice for violating sanctions.


Last week, Russia and Syria signed several new economic cooperation agreements during an international business forum organized in Crimea, including to develop offshore resources.


Russian investors are increasingly eyeing Syria’s land and real estate properties, which are among the few valuable assets the Syrian regime can still hand over to its cronies and allies.


The vice-President of Stroytransgaz, one of Russia's largest engineering companies, visited Damascus last week, reportedly seeking new project opportunities.


Syria is planning to purchase 200 thousand tons of liquefied petroleum gas from Russia, using a shipping route through Crimea to conceal the supplier’s identity.