AceFinanceNews – UNITED NATIONS/SYRIA – September 18 – WFP/UN Food Programme.
The United Nations will have to cut food supplies to Syria by 40 percent in October due to a funding shortage, Reuters reported.
‘ Syria’s Starving Children Caused by War-Mongers ‘
“In October, WFP [the UN World Food Programme] will be able to deliver 60 percent of what they have been delivering. In November it will be down to 40 percent,” John Ging, director of operations at the UN Office for Coordination of Humanitarian Affairs told Reuters Wednesday in Geneva after attending an unannounced meeting on humanitarian aid to Syria.
“It is because the money is not coming in. This is devastating news for people who are aid-dependent,” Ging added, noting that more aid is needed as winter approaches.
“So we will find humanitarian agencies cutting down on aid deliveries when aid is needed more than ever,” Ging said. “It is not just food, it is vital shelter material, clothing and supplies for water and sanitation.”
The expert noted that the WFP needs $56 million to avoid cuts in food assistance in Syria’s neighboring countries, so it is highly likely that the Syrian refugees in Lebanon, Jordan, Turkey and Iraq, will not get the necessary assistance.
The UN refugee agency (UNHCR) states some 3 million Syrian refugees have registered in Syria’s neighbouring countries.
The highest concentrations of refugees are found in in Lebanon (1.17 million), Turkey (830,000) and Jordan (613,000), according to UNHCR.
#AceFinanceNews – MOSCOW – May 13 – Russia’s Foreign Ministry believes that the US decision to impose anti-Syrian restrictions against the Russian bank Tempbank is “absolutely unacceptable”, ministry spokesman Alexander Lukashevich said in a statement Tuesday.
“We would like to remind the American side once again that the language of sanctions is useless and counter-productive with Russia.
Should the administration keep following the vicious path, this will negatively affect our joint work on Syria and the general atmosphere of Russian-American relations that are not going through the best times now,” Lukashevich said.
WASHINGTON(VOA) May 08 – The United States on Thursday for the first time slapped sanctions on a Russian bank for its dealings with the Syrian government, which has been engaged in bloody three-year civil war with opposition forces.
The U.S. Treasury put Tempbank, a Moscow-based bank, on its list of sanctioned entities, which effectively cuts the bank off from the U.S. financial system.
The Treasury also put sanctions on an official in the bank, Mikhail Gagloev, six Syrian government officials and two Syrian refinery companies, Banias and Homs.
Syria’s President Bashar al-Assad has been using Russian banks to access world markets, but the United States had in the past resisted imposing sanctions on the banks, ……………. despite pressure to do so from U.S. lawmakers.
#AceFinanceNews – MOSCOW – Chairman of the board of Russian energy company Soyuzneftegaz Yuri Shafranik believes that exploration of oil fields in Syrian territorial waters will take no less than five years.
In his view, an oil pipeline may be built between that country and Iraq upon the end of hostilities in Syria.
The Syrian Ministry of Petroleum and Mineral Wealth and Russian energy company Soyuzneftegaz signed an deal on oil and gas offshore exploration in the Syrian capital of Damascus on December 25, 2013. So, Soyuzneftegaz became the first foreign and Russian company which was granted the right for oil exploration, development and production at Block-2 in Syrian territorial waters.
The company believes that oil exploration in Block-2 will take no less than five years, Shafranik said in an interview with British news agency Reuters. Upon results of oil exploration the company will make a conclusion whether commercial oil production is expedient there.
“If there is no possibility of normalising the situation throughout the country at once, the situation should be stabilised gradually in regions where it is possible to conclude an agreement,” Reuters quoted Shafranik as saying. “Then humanitarian aid should be provided, and then we should move on to energy projects, removing obstacles to them including any sanctions slowing down the country’s economic recovery,” he added.
Shafranik also dwelt on plans to build an oil pipeline between Iraq and Syria.
“The project could be carried out with the participation of Russian and Italian companies,” the Soyuzneftegaz chief executive said, adding that governments of Syria and Iraq support these plans and are prepared to launch their implementation upon the end of hostilities in Syria.
The reason why Syria could be the best thing that happens to the US and how the oily-garchs will benefit, also protect Saudi Arabia and secure your future, dam the people dying! You do not need to look any further than this saying:
When the Lamb opened the third seal, I heard the third living creature say, "Come and see!" I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, "A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!"
— Revelation 6:5-6˄ NIV