Subjects – Syria Report



Kiev has announced that it will cut political and economic ties with Damascus after the latter recognised Luhansk (also spelt Lugansk) and Donetsk, two Russian-backed breakaway republics in eastern Ukraine. Kiev’s decision, which includes a trade embargo, will further deteriorate relations between the two countries and impact Syria’s trade-related foreign currency inflows. 
Syrian businessman George Heswani has operated in Syria’s oil and gas sector since the 1990s but gained notoriety throughout the decade-long conflict due to his close association with Russia and his alleged role in brokering deals with the Islamic State on the Syrian government’s behalf. The businessman was most recently implicated in the Beirut port explosion of 2020.
An affiliate of the Bemo banking group is providing microfinance loans to members of a charity linked to a militia that fought during the war and to various Iranian political figures. The charity is based in the Damascus suburb of Sayyida Zeinab. Another company involved in this project is the local agent of Western Union. The move carries serious risks to the group’s reputation.
Syria’s Katerji brothers have been blacklisted by six members of the Gulf Cooperation Council – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – in the first such known act against prominent regime-affiliated businessmen by countries of the region.


This report provides an overview of the Syrian cement sector, including the challenges faced by the industry, the latest production and trade data, and a list of the main actors.


Importing and exporting all authorised materials; repairing homes; constructing and asphalting roads; carrying out engineering works for the installation of cellular and terrestrial communications stations, including infrastructure for the extension of optical and optical fibres, telephone, and electrical wires; and contracting.