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    Syria’s first wheat shipment since al-Assad ouster points to recovery | Business and Economy News

    Team_NewsStudyBy Team_NewsStudyApril 20, 2025 Latest News No Comments3 Mins Read
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    Merchants say Syria has largely been counting on overland imports from neighbours this 12 months.

    A ship carrying wheat has arrived in Syria’s Latakia port, the primary such supply since former President Bashar al-Assad was ousted in December, the federal government stated, because it pushes to spice up an financial system ravaged by practically 14 years of ruinous civil warfare.

    Merchants say Syria has this 12 months been largely counting on overland imports from neighbours.

    Officers of the new government led by interim President Ahmed al-Sharaa say that whereas imports of wheat and different fundamentals are usually not topic to sanctions from america or United Nations, challenges in securing financing for commerce offers have deterred world suppliers from promoting to Syria.

    The Syrian Basic Authority for Land and Sea Borders stated in an announcement that the ship carried 6,600 tonnes of wheat. It didn’t establish the nationality or vacation spot of the boat, however one regional commodity dealer instructed the Reuters information company it was from Russia.

    Russia and Iran had been Syria’s major navy and financial backers below al-Assad. They beforehand offered most of Syria’s wheat and oil merchandise, however stopped after opposition fighters swept by the nation in triumph and al-Assad fled to Moscow.

    Syria’s border authority known as the cargo “a transparent indication of the beginning of a brand new section of financial restoration within the nation”, including that it ought to pave the way in which for extra arrivals of important provides.

    Al-Sharaa’s authorities is sharply targeted on financial restoration after 14 years of battle and has additionally been making efforts to open journey routes to the nation.

    Most worldwide airways suspended operations to and from Damascus in 2012 amid the Syrian authorities’s violent crackdown on protests that started in 2011 and the following civil warfare that drew in a number of outdoors actors.

    Nevertheless, in January 2024, a number of airways resumed service at Damascus Worldwide Airport following an announcement by the Syrian Civil Aviation Authority that worldwide flights can be accepted.

    On Saturday, a Syrian passenger flight departed on Sunday for the United Arab Emirates (UAE), marking the resumption of air journey between the 2 international locations.

    A UN official stated on Saturday that Syria’s authorities also needs to start the method of financial restoration, with out ready for Western sanctions imposed below al-Assad’s rule to be lifted.

    “Ready for sanctions to be lifted leads nowhere,” Abdallah Al Dardari, the regional chief for Arab states on the United Nations Growth Programme (UNDP), instructed the AFP information company in an interview in Damascus.

    Al Dardari stated this course of ought to embrace “initiatives… straight affecting residents”, the availability of providers by civil society, notably in schooling, and “the fast enchancment of public providers”.

    “Individuals have to really feel the advance rapidly … particularly in such a troublesome interval,” he stated. “With a transparent imaginative and prescient and well-defined priorities, as soon as the sanctions are lifted, funding will stream into Syria.”

    Some international locations, together with the US, have stated they’d wait to see how the brand new authorities train their energy and guarantee human rights earlier than lifting sanctions, opting as an alternative for focused and short-term exemptions.



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