Iran General NewsIran propping up Syria's dwindling cash reserves

Iran propping up Syria’s dwindling cash reserves

-

CNN: Syria’s president is quickly spending through his cash reserves as sanctions choke off many sources of funding, but the regime is getting help from Iran in bolstering finances, CNN has learned. CNN

By Barbara Starr

Syria’s president is quickly spending through his cash reserves as sanctions choke off many sources of funding, but the regime is getting help from Iran in bolstering finances, CNN has learned.

In Jordan, the government is accepting the reality that Bashar al-Assad may remain in power in Syria for months to come, aided by Iran.

According to intelligence assessment shared with CNN, al-Assad likely had about $30 billion in cash reserves to spend when unrest and bloodshed began in March 2011. He’s about down to $6 billion to $9 billion.

And with the war against his own people costing him about $1 billion a month, he should have been out of business by the end of the year, according to officials in the region.

But sources are also telling CNN that al-Assad is getting a cash infusion from Iran, funneled in through banks in Lebanon, and Iran’s support combined with Russia’s political and economic support could keep al-Assad going for months to come.

The assistance is just part of how Iran is helping Syria.

As CNN reported earlier this year, Iran has provided further aid as part of what the officials described as “all-in” support for al-Assad, including small arms and assistance in helping the Syrian government use computer monitoring to rout out opposition using social media and other Internet tools.

While troops from 19 countries, including the United States, have converged in Jordan for the Eager Lion military exercise, U.S. and Jordanian elite forces are doing additional training to prepare for potential fallout should Syria’s government collapse.

U.S. Army Green Berets are training Jordanian special forces in a number of so called “worst-case scenarios” including Syria’s chemical and biological weapons falling out of the control of government forces, U.S. sources tell CNN.

The U.S., Jordan and other allies are worried that opposition forces or groups like al Qaeda could seize some partial control of 20 key chemical and biological sites inside Syria.

U.S. intelligence officials have long said they believe Syria’s chemical and biological weapons remain under the control of al-Assad’s forces and there is little need to worry.

Securing the sites would demand that outside ground forces land in Syria within 18 hours of any collapse to try to regain control, according to an assessment shared with CNN.

The Jordanians believe that with al-Assad remaining in power, Jordan must plan and train its forces for any potential option. But the introduction of American special operations forces such as the Green Berets is seen as an indicator that the United States is prepared to help defend Jordan if it came to that.

Latest news

Ongoing Controversy, New Questions after Iran Releases Three More Europeans in Swap

One Danish national and two Austrians were reported to be back in their home countries on Saturday after having...

Iran’s Housing Crisis from Another Perspective

According to statistics released by the Central Bank of Iran, housing prices in the capital Tehran have increased by...

Iran: Inefficient Management Resulting in Environmental and Historical Disasters

On June 7, Hossein Akbari, Deputy of Natural Environment and Biodiversity at the Department of Environmental Protection Agency of...

Iranian regime threatens Middle East with “hypersonic” missiles

The Iranian regime’s Islamic Revolutionary Guard Corps (IRGC) on Tuesday unveiled a hypersonic missile. Hypersonic is a type of...

The Iranian regime lacks nuclear transparency

Iran has not acted as expected in terms of transparency regarding its nuclear program, said the head of the...

Iran has sold $1 million in ammo to Russia

The Iranian regime has sold ammunition to Russia worth more than one million dollars in the ongoing conflict in...

Must read

Iran: Four Protests in a Day

Iranian authorities’ mismanagement and failures placed workers in dire...

Why UK has been shamed by Iranian fiasco

Edinburgh Evening News - By Struan Stevenson: The Government's...

You might also likeRELATED
Recommended to you