Moscow/Damascus: In a stark revelation of the financial ties between Damascus and Moscow, reports have surfaced that the Syrian regime, led by President Bashar al-Assad, has been funneling vast sums of cash directly to Russia as a method of repayment for military support. Between 2018 and 2019, approximately $250 million was physically transported from Syria to Moscow, eschewing electronic transfers for a more clandestine approach.
According to sources, this cash, comprising two tons of $100 and €500 banknotes, was flown into Moscow’s Vnukovo Airport and then deposited into Russian banks, already hit with international sanctions. This operation, described as a “cash and carry” scheme, underscores the lengths to which Assad’s regime has gone to maintain its financial commitments to Russia amidst the ongoing Syrian conflict.
Simultaneously, while the Syrian economy has been in shambles, marked by war and rampant corruption, members of Assad’s family have been enjoying a lavish lifestyle in Moscow. Investigations reveal that since 2013, close relatives of Assad have acquired at least 20 luxury apartments in the Russian capital. These purchases were facilitated through complex networks involving shell companies and questionable loans, suggesting a pattern of money laundering or at least, significant financial opacity.
This intricate web of financial dealings paints a picture of Moscow not only as a military ally to Assad but also as a haven for the ill-gotten gains of his regime. Critics argue that while ordinary Syrians suffer, Assad’s inner circle has been investing in high-end real estate abroad, further highlighting the disparity and corruption within Syria’s leadership.
The exposure of these financial ties could strain or reshape international perceptions and policies towards both the Assad regime and Russia, especially given the context of sanctions and international calls for accountability in Syria’s prolonged conflict.
Key Points:
- Cash Transfer to Moscow: Assad’s regime reportedly airlifted $250 million in cash to Moscow between 2018 and 2019 to repay Russia for military support.
- Method of Transport: The money, amounting to two tons of $100 and €500 notes, was flown into Vnukovo Airport in Moscow and deposited into sanctioned Russian banks.
- Luxury Purchases: Assad’s relatives have bought 20 luxury apartments in Moscow since 2013, using shell companies and dubious loans, while Syria’s economy declines.
- Economic Disparity: This comes against the backdrop of Syria’s crumbling economy due to war and corruption, highlighting the stark contrast between the regime’s actions and the country’s suffering.
- Moscow’s Role: Russia not only supports Assad militarily but also serves as a financial refuge for his regime’s wealth.
