Wheat

Ahead of the Turkish elections, one of the key areas of concern remains the future of Ankara's policy towards Syria and Syrian refugees. As Turkey continues to navigate the complexities of the Syrian conflict, it is important to understand how the election results may shape its approach towards its neighbouring country.

The Syrian pound’s rapid freefall has pushed the AANES to price its grain procurement prices in dollars as it competes with the Syrian government to buy the local crop. 

Only half of the funding requirements for Syria’s Humanitarian Response Plan were reached in 2022, according to the United Nations Office for the Coordination of Humanitarian Affairs.

Last year, the Syria Recovery Trust Fund received 34 percent less international funding than the previous year. 

Between March 14 and 16, President Bashar Al-Assad led a high-level delegation to Moscow to meet with Russia’s President Vladimir Putin. During the visit, the two leaders discussed political, economic, and military cooperation, the Turkish-Syrian settlement, post-war reconstruction, and more.

Although it is too early to assess the impact, the recent earthquake that struck Turkey and Syria will likely pose an additional challenge to Syrian investors, many of whom own businesses located in Turkey's earthquake-hit southern provinces.