RT 26 Apr, 2016:
“Damascus and Moscow have signed nearly a billion dollars worth of agreements to rebuild war-torn Syria, according to the Prime Minister Wael al-Halqi. The two countries intend to develop energy, trade, finance and other sectors of the economy.
“The Russian side has responded to the idea of restoring [Syrian] infrastructure. Therefore, a lot of deals were signed, including $675 million and $280 million agreements,” said the Syrian prime minister.
Al-Halqi added Syria and Russia intend to open a bank to facilitate transfers between the countries. The bank would be controlled 50-50 by the countries’ central banks.”