Russia Announces $500m Investment in Syrian Port City
Additional $200 million aimed at modernizing chemical fertilizer production
Russia is allocating 700 million dollars for efforts to improve war-torn Syria's economy, a senior Russian official said Tuesday.
Russia is investing 500 million dollars over the next four years to upgrade the Syrian port of Tartus, where Russia has a naval facility, according to Russian Deputy Prime Minister Yury Borisov.
Russia plans to build a "new trade port" at the western Syrian city on the Mediterranean, Borisov said in comments carried by state media.
Russia is also investing 200 million dollars to modernize a Syrian facility for producing chemical fertilizers, Borisov said.
Russia is the disputed Syrian government's main military backer in the Middle Eastern country's civil war, opposing efforts by rival power the United States to depose Syrian President Bashar al-Assad.
Borisov and al-Assad met Tuesday in the Syrian capital, Damascus, for talks on restoring Syria's devastated economy, Russian state news agency TASS reported.
"I believe we have achieved good results over the past year. ... Things are going smoothly in Tartus," Borisov said.
- Inside the Unlikely, Unofficial Ties Between Israel and the Kurds
- Russia, Turkey, Iran Say Concerned About 'Terrorist Presence' in Syria's Idlib
- Trump Says DOJ Report on Russia Probe Said the Exact Opposite of What It Says
Over the next half-year, Russia will deliver 100,000 tons of grain to Syria as humanitarian aid, he said.
Russia is also contributing 17 million dollars to United Nations-led recovery efforts in Syria, TASS reported.
Comments
ICYMI
Ken Burns’ Brilliant ‘The U.S. and the Holocaust’ Has Only One Problem
Facing Rapid Rise in Sea Levels, Israel Could Lose Large Parts of Its Coastline by 2050
As Israel Reins in Its Cyberarms Industry, an Ex-intel Officer Is Building a New Empire
How the Queen’s Death Changes British Jewry’s Most Distinctive Prayer
Chile Community Leaders 'Horrified' by Treatment of Israeli Envoy
