The shady Syrian oligarchs who keep the regime afloat

Le Monde (translated by Worldcrunch) reports: In Syria, it’s business as usual.

Despite the desolate landscape of destruction that loyalist troops leave behind and the sanctions imposed by Western countries, a few entrepreneurs in the power’s sphere of influence are still amassing profits, say experts of the Syrian regime. They are lifting the veil on part of this occult and predatory system that allows President Bashar al-Assad to keep the allegiance of his followers and to finance his war against the opposition.

Just as the government-controlled parts of the country took part in a pseudo-presidential election that have given al-Assad his third term in office, the systematic bleed of the country and Damascus’ dependency on its allies, particularly Iran, have never been so severe.

“There’s almost not a single dollar legally going into the state’s coffers,” says a former close friend of the al-Assad clan. “The oil wells are now under the control of the rebels or of the Kurds. People don’t pay their taxes anymore, nor their water or electricity bills. All the regime has left to pay the civil servants’ wages are its schemes and direct aid from Iran and Iraq.” [Continue reading…]

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1 thought on “The shady Syrian oligarchs who keep the regime afloat

  1. H.Rust

    “…a few entrepreneurs in the power’s sphere of influence are still amassing profits, … this occult and predatory system that allows the President to keep the allegiance of his followers and to finance his war…” sounds so familiar. The same shady characters who callously profit from the misery they cause at home or abroad are to be found everywhere.

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