Russia to invest $500m in Syrian port, build grain hub -Interfax

Men display wheat in Ras al-Ain, Syria September 16, 2016. (Reuters)
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Updated 18 December 2019
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Russia to invest $500m in Syrian port, build grain hub -Interfax

  • Construction of the necessary infrastructure at the port could begin next year
  • Moscow will also begin delivering 100,000 tons of grain in humanitarian aid to Syria by the end of December

MOSCOW: Russia plans to invest $500 million in the Syrian port of Tartus and build a grain hub there to boost its presence on Middle East markets, Interfax news agency cited Deputy Prime Minister Yury Borisov as saying on Tuesday.
Russia, the world’s largest wheat exporter, has stepped up grain supplies to support Syrian President Bashar Assad in recent years since Moscow’s 2015 military intervention on his behalf in Syria’s civil war.
Construction of the necessary infrastructure at the port, which Russia rented out for 49 years from Syrian authorities in 2017, could begin next year, Borisov was quoted as saying.
Syria’s Mediterranean coastal region has remained under firm government control throughout the war.
“Russia intends to organize the work of the old port and to build a new commercial port. The sum of investment for the next four years is valued at $500 million,” Borisov was quoted as saying.
Moscow will also begin delivering 100,000 tons of grain in humanitarian aid to Syria by the end of December — supplies that will continue until the second quarter, he said.
Ports in Crimea, which Russia annexed from Ukraine in 2014, have exported the Black Sea peninsula’s surplus of grain to the port of Tartus in recent years to ensure Assad’s Syria has a reliable source of food.
The Russian Navy also operates a military facility at Tartus, Russia’s only naval foothold in the Mediterranean, and Moscow has previously said it plans to expand and modernize the port’s facilities for its fleet.
Earlier on Tuesday, the Russian Defense Ministry’s Zvezda TV channel said Russia and Syria had carried out their first joint military drills near Tartus. The drill involved more than 2,000 Russian and Syrian troops, 10 naval vessels as well as Russian aviation, the Zvezda report said.
Russia also has an air base in Syria’s coastal Latakia province which it has used for air strikes against forces opposed to Assad. Last month, Moscow said it had set up a helicopter base at an airport in northeastern Syria.


Latest US sanctions target Houthi funding networks, Treasury says

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Latest US sanctions target Houthi funding networks, Treasury says

  • Since 2023, ⁠the Houthis have launched numerous assaults on vessels in the Red Sea that they deem to be linked with Israel

WASHINGTON: The Trump administration issued fresh sanctions on Friday further targeting the Iran-backed Houthis in Yemen ​and the transfer of oil products, weapons and other so-called dual-use equipment that it said helped fund the group.

The action targets 21 individuals and entities as well as one vessel, including some ‌alleged front ‌companies in Yemen, ‌Oman and ⁠the ​UAE, the US Department of Treasury’s Office of Foreign Assets Control said in a statement.

“The Houthis threaten the United States by committing acts of terror and attacking commercial ⁠vessels transiting the Red Sea,” US Treasury ‌Secretary Scott Bessent said ‍in the statement.

The move ‍builds on previous Treasury action ‍to pressure the Houthis “vast revenue generation and smuggling networks, which enable the group to sustain its capability to conduct destabilizing ​regional activities,” including the Red Sea attacks, the department added.

Since 2023, ⁠the Houthis have launched numerous assaults on vessels in the Red Sea that they deem to be linked with Israel in what they say is solidarity with Palestinians over Israel’s war on Gaza.

Tehran’s regional sway has been weakened by Israel’s attacks on its proxies, including on ‌the Houthis in Yemen. (Reporting by Susan Heavey and Daphen Psaledakis; Editing ‌by Chizu Nomiyama )