October 29, 2019

Putin Faces Syria Money Crunch After U.S. Keeps Control of Oil
(Bloomberg) -- Russian President Vladimir Putin is facing an unwelcome new financial challenge in Syria after the U.S. pullback enabled his ally Bashar al-Assad to reclaim the biggest chunk of territory in the country still outside his control.The U.S. decision to keep forces in northeastern Syria to guard oil fields denies Assad access to desperately needed funds to rebuild the Middle East state after eight years of civil war. That’s adding to the urgency of United Nations-led talks between the Syrian government and opposition groups in Geneva starting Wednesday, that Putin has said could be “decisive” in settling the conflict.While agreement is far from certain, the negotiations on constitutional changes could help unlock money from U.S. allies in the Gulf and Europe, which have withheld aid because of Assad’s close ties to Iran and his refusal to loosen his grip on power by making space for opposition groups.“If we see some political progress there could be more interest in supporting reconstruction,” said Yury Barmin, a Middle East expert from the Moscow Policy Group, a consultancy. At the same time, the Syrian authorities “clearly feel they are winning,” he said.Russia’s military intervention in Syria since 2015 succeeded in shoring up Assad at a time when he was at risk of being overthrown in a rebellion backed by the U.S. and its allies. The UN estimates reconstruction costs in Syria at $250 billion and the Syrian leadership can’t count on either of its two main backers, Iran and Russia, for significant financing.Saudi Arabia has softened its demand for Assad’s immediate departure as the Russian role in Syria has grown increasingly dominant and the U.S. presence has reduced. That accelerated when President Donald Trump last month ordered out U.S. troops protecting Kurdish forces in northeastern Syria, leading to a Turkish offensive that forced the Kurds to turn to Damascus for protection by pledging loyalty to Assad. Russia and Turkey struck a deal last week for joint patrols of a border zone in northern Syria.The U.S. then announced it was deploying forces in the vicinity of the oil-producing Deir Ezzor region to deny access to Islamic State as well as Syrian and Russian forces, a move the Defense Ministry in Moscow denounced as “international state banditry.” Defense Secretary Mark Esper warned Monday of an “overwhelming” response to any threat to U.S. forces there.The American maneuver came even as Trump thanked Russia for its assistance with the U.S. raid that killed Islamic State leader Abu Bakr al-Baghdadi in the northwestern Syrian province of Idlib. House Speaker Nancy Pelosi complained that the White House had told the Kremlin about the operation in advance while keeping it secret from Congressional leaders.Political ProcessRussia, which has been preparing for an offensive to capture Idlib from jihadist control, may feel encouraged by the confirmation that Islamic State has taken root there, said Barmin of the Moscow Policy Group. But it’s unlikely to risk international condemnation by unleashing massive civilian casualties just as the political process in Syria is getting under way, he said.The work of the so-called constitutional committee, made up of 150 members from the government, opposition and civil society, is a “step in the right direction, a step along the difficult path out of this conflict,” UN Special Envoy for Syria Geir Pedersen said Monday in Geneva. “It could be a door-opener to a broader political process.”Saudi Arabia will likely continue to keeps its purse-strings firmly shut until after the UN has overseen presidential elections in Syria that are due in 2021, said Abdulkhaleq Abdulla, a political expert based in the United Arab Emirates.While Saudi leaders view Russia as the best chance of countering Iran in Syria and the Syrian opposition is unlikely to win any real power, Riyadh still wants to see some international stamp of legitimacy before it considers contributing to the Syrian regime, according to Abdulla.“It’s going to be a long, long process for sure,” he said by phone. “Assad has to arrange for an election supervised by the UN and the outcome will then determine at what stage and what kind of Gulf help will be provided to Syria.”To contact the reporter on this story: Henry Meyer in Moscow at hmeyer4@bloomberg.netTo contact the editors responsible for this story: Gregory L. White at gwhite64@bloomberg.net, Tony HalpinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Brie & Nikki Bella's Newborn Sons Make Cute Cousins in New Pics | E! News
September 21, 2020
H7KK3PZRkV8
Storm Reid Freaks Out Over Zendaya's Historic Emmy Win | E! News
September 21, 2020
eOSuTXJHiBs
Jason Sudeikis Gets Nasal Covid-19 Test Live at 2020 Emmys | E! News
September 21, 2020
PKS54XPp944
Pete Buttigieg Worried About SCOTUS Power Grab by Senate Republicans | TMZ
September 21, 2020
2GZymQ9pS4Y
'Selling Sunset' Star Christine Quinn Says 'Thirsty Bitches' Banking on Season 4
September 20, 2020
R7cfPimlHak
Lil Wayne Gifted New Birthday McLaren by Mack Maine, 'C5' News Too | TMZ
September 20, 2020
BJHjG1TnmHQ
'Antebellum' Creators on the Film's Plot Twist
September 21, 2020
St5Znn6heqQ
The Best Moments From the 2020 Emmy Awards
September 21, 2020
AOod7EYaQAg
'Unorthodox' Director Maria Schrader - Full Backstage Interview Emmys 2020
September 21, 2020
0v1cVwSuShc
Vanessa Bryant accused of kicking mom out after Kobe’s death | Page Six Celebrity News
September 21, 2020
eMoBer7FAsA
Teddi Mellencamp is reportedly getting axed from ‘RHOBH’ | Page Six Celebrity News
September 21, 2020
vDSpEfB1G18
Zendaya fans mistake the meaning of ‘upset’ after historic Emmys 2020 win | Page Six Celebrity News
September 21, 2020
rJnvWNP1Mng
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
22
Sep
UZBEKISTAN: PFL
Bunyodkor - Olmaliq FK
22
Sep
MOLDOVA: Divizia Nationala
Dinamo-Auto - Petrocub
22
Sep
ARMENIA: Premier League
Urartu - Noah
22
Sep
CHINA: Super League
Tianjin Teda - Hebei CFFC
22
Sep
CHINA: Super League
Chongqing Dangdai Lifan - Wuhan Zall
22
Sep
UKRAINE: Youth League
Rukh Vynnyky U-21 - Shakhtar U-21
22
Sep
KAZAKHSTAN: Premier League
Tobol - Okzhepes
21
Sep
ENGLAND: Premier League
Wolves - Manchester City
21
Sep
ITALY: Serie A
AC Milan - Bologna
22
Sep
CHINA: Super League
Beijing Guoan - Qingdao Huanghai
21
Sep
ENGLAND: Premier League
Aston Villa - Sheffield United
21
Sep
ROMANIA: Liga 1
Gaz Metan Medias - Dinamo B
21
Sep
MEXICO: Apertura
Leon - Pumas
21
Sep
NORWAY: 1. Division
Lillestrom - Kongsvinger
21
Sep
DENMARK: Superliga
AaB Aalborg - Horsens
21
Sep
ISRAEL: Ligat Al
Hapoel Kfar Saba - Bnei Yehuda
21
Sep
ISRAEL: Ligat Al
Ashdod - Maccabi Petah Tikva
21
Sep
URUGUAY: Segunda Division
Tacuarembo - Albion
21
Sep
PARAGUAY: Apertura
Nacional Asuncion - River Plate As
21
Sep
URUGUAY: Segunda Division
Racing Club - Villa Espanola
21
Sep
BULGARIA: A PFG
Arda Kardzhali - Slavia Sofia
21
Sep
BRASIL: Serie B
Botafogo SP - Brasil de Pelotas
21
Sep
PERU: Primera Division, Apertura
Alianza Lima - Univ. Cesar Vallejo
21
Sep
SWEDEN: Allsvenskan
Mjallby - Orebro
21
Sep
SWEDEN: Allsvenskan
Sirius - Falkenberg
21
Sep
SWEDEN: Allsvenskan
Varberg - Helsingborg
21
Sep
FRANCE: Ligue 2
Auxerre - Troyes
21
Sep
PORTUGAL: Primeira Liga
Portimonense - Pacos de Ferreira
21
Sep
RUSSIA: Premier League
Dinamo - Akhmat Groznyi
21
Sep
ASIAN CHAMPIONS LEAGUE: Group Stage
Sepahan - Al Ain
21
Sep
ASIAN CHAMPIONS LEAGUE: Group Stage
Al Taawon - Al Sharjah
21
Sep
PERU: Primera Division, Apertura
Sport Boys - Carlos Stein
21
Sep
POLAND: Ekstraklasa
Piast Gliwice - Jagiellonia
20
Sep
ENGLAND: Premier League
Chelsea - Liverpool
20
Sep
ENGLAND: Premier League
Southampton - Tottenham Hotspur
20
Sep
FRANCE: Ligue 1
Nice - PSG
20
Sep
SPAIN: La Liga
Real Sociedad - Real Madrid
20
Sep
ITALY: Serie A
Juventus - Sampdoria
20
Sep
ITALY: Serie A
Parma - Napoli
19
Sep
ENGLAND: Premier League
Arsenal - West Ham United
19
Sep
ITALY: Serie A
Verona - Roma
19
Sep
ENGLAND: Premier League
Manchester United - Crystal Palace
17
Sep
EUROPA LEAGUE: Second qualifying round
Lokomotiv Plovdiv - Tottenham Hotspur
17
Sep
EUROPA LEAGUE: Second qualifying round
Shamrock - AC Milan
16
Sep
FRANCE: Ligue 1
PSG - Metz
16
Sep
INTERNATIONAL: Club Friendlies
Barcelona - Girona
15
Sep
INTERNATIONAL: Club Friendlies
Inter Milan - Lugano
14
Sep
ENGLAND: Premier League
Brighton - Chelsea
14
Sep
GERMANY: National cup
Duisburg - Borussia Dortmund
13
Sep
ENGLAND: Premier League
Tottenham Hotspur - Everton
13
Sep
FRANCE: Ligue 1
PSG - Marseille
13
Sep
INTERNATIONAL: Club Friendlies
Juventus - Novara
12
Sep
ENGLAND: Premier League
Liverpool - Leeds
12
Sep
ENGLAND: Premier League
Fulham - Arsenal
10
Sep
FRANCE: Ligue 1
Lens - PSG
09
Sep
INTERNATIONAL: Club Friendlies
Frosinone - Roma
09
Sep
INTERNATIONAL: Club Friendlies
AC Milan - Vicenza
07
Sep
INTERNATIONAL: Club Friendlies
Borussia Dortmund - Sparta Rotterdam
06
Sep
UEFA NATIONS LEAGUE A: Group Stage
Switzerland - Germany
05
Sep
INTERNATIONAL: Club Friendlies
AC Milan - Monza
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo
Copyright © 2020 Feedimo. All Rights Reserved.