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From Reuters
DAMASCUS (Reuters) - The governments of Syria and Iran have agreed steps that will allow bank transactions between the countries, officials said on Tuesday, a move aimed at boosting trade and investment as Damascus looks to its ally Tehran to help rebuild from war.
The deal was one of several concluded during a visit to Damascus by Iranian Vice President Eshaq Jahangiri, whose country’s support has been vital to President Bashar al-Assad during the war.
Shunned by Western states that backed the opposition, Damascus is looking to countries such as Iran, Russia and China to help rebuild. But banking transactions between Syria and Iran have been affected by Western restrictions on their access to the international financial system.
Addressing an Iranian-Syrian business forum in Damascus, Jahangiri said “ministers confirmed that banking transactions will take place very soon between the countries”.
COMMENT:-
Expect the US government to impose sanctions on both Syria and Iran for "evading American sanctions". That will keep the Russians and Chinese (and Europeans) from getting uppity and pretending that the President of the United States of America is NOT the "Ruler of the World". The rumour that President Trump has decided that he will no longer recognize either the Tzar of Russia, or the Emperor of China, or the King of Europe as heads of their respective countries has been denied by a highly place, very reliable, source inside the White House who commented on the condition of anonymity due to the fact that they'd get fired if they said anything at all about anything at all.
Eyeing reconstruction, Syria and Iran strike deal to allow bank transfers
DAMASCUS (Reuters) - The governments of Syria and Iran have agreed steps that will allow bank transactions between the countries, officials said on Tuesday, a move aimed at boosting trade and investment as Damascus looks to its ally Tehran to help rebuild from war.
The deal was one of several concluded during a visit to Damascus by Iranian Vice President Eshaq Jahangiri, whose country’s support has been vital to President Bashar al-Assad during the war.
Shunned by Western states that backed the opposition, Damascus is looking to countries such as Iran, Russia and China to help rebuild. But banking transactions between Syria and Iran have been affected by Western restrictions on their access to the international financial system.
Addressing an Iranian-Syrian business forum in Damascus, Jahangiri said “ministers confirmed that banking transactions will take place very soon between the countries”.
COMMENT:-
Expect the US government to impose sanctions on both Syria and Iran for "evading American sanctions". That will keep the Russians and Chinese (and Europeans) from getting uppity and pretending that the President of the United States of America is NOT the "Ruler of the World". The rumour that President Trump has decided that he will no longer recognize either the Tzar of Russia, or the Emperor of China, or the King of Europe as heads of their respective countries has been denied by a highly place, very reliable, source inside the White House who commented on the condition of anonymity due to the fact that they'd get fired if they said anything at all about anything at all.