No. 47



Syria Settles All Outstanding Debt To Iran

Syria has settled all its outstanding debt of $500mn to Iran, Iranian Minister of Economic Affairs and Finance Hossein Namazi announced on 13 November, following a visit to Damascus. The minister explained that Syria has deposited the money into Irans accounts and that there is no problem in this regard. Mr Namazi also said that the two countries had decided to remove all hurdles in the way of expanding their...