Russia Pays Syria $23M to Retain Its Military Bases

Russia transferred $23 million to Syria’s central bank in February to maintain its military bases in Tartus and Latakia.

This was reported by Business Magazine citing The Wall Street Journal.

The payment comes as Russia seeks to strengthen ties with Syria’s transitional government after the cancellation of a previous investment agreement in the Tartus seaport. According to the report, the funds aim to ensure Moscow’s long-term military presence in the region.

In January, a Russian delegation visited Damascus to negotiate continued access to Syrian military facilities. Syrian authorities reportedly requested investments in ports and gas fields, additional cash, and the extradition of former Syrian President Bashar al-Assad, who is under Russian protection. Moscow rejected the extradition demand but agreed to provide financial support.

Russia is the only country supporting Syria that faces a shortage of Syrian currency. Other regional powers, including Qatar and Saudi Arabia, have withheld financial assistance due to the risk of sanctions.

In late February, Reuters reported that Israel is urging the United States to support a weak and decentralized Syria, including allowing Russia to maintain its military bases to counter Turkey's growing influence in the region.