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Syria to cut Russian oil imports to ease sanctions

Syria to cut Russian oil imports to ease sanctions

Syria intends to reduce its imports of Russian oil in an effort to help lift the American sanctions imposed on it. This announcement comes as part of Syria's efforts to reach an agreement with Washington that includes economic concessions, marking a significant shift in its oil policy, which had heavily relied on Russian oil in recent years. Syria has been under American sanctions for decades, and reducing dependence on Russian oil is seen as a step to increase its chances of being removed from the list of state sponsors of terrorism, aiming to improve its international relations and facilitate reconstruction efforts. Experts confirm that replacing Russian oil will require time and effort, with concerns about potential shortages and rising costs. Meanwhile, Damascus is seeking to diversify its oil sources and has signed agreements with global companies like Total, VRT, and others to explore alternatives. This move is part of its strategy to strengthen economic independence and reduce Russian influence, although its reliance on Russian oil remains limited, with Russian shipments to Syria increasing noticeably this year.

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