Iran-Russia rivalry for Syrian economic sway may grow
Significance Iran has been looking to build up its business ties on the ground in Syria, and views access to trade infrastructure as a key component in its plans for an integrated trade and transport network spanning Iran, Iraq and Syria. Yet Russia also has its eye on the economic rewards from Syrian reconstruction and has been exerting influence over Damascus to favour its own contractors. Impacts Israel may launch airstrikes on Latakia port if it believes the facility is being used to ship weaponry as well as commercial goods. Russia may feel threatened by the prospect of Iranian control of Latakia port and push Damascus to end the deal. A planned rail link from Iran to the Mediterranean is unlikely to become operational in the near future. Without assistance from wealthier nations, Syria’s economic recovery will be slow.