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Wednesday, August 07, 2013

Syria Buying Russian Weapons With American Dollars

S-300PMUThe Syrian government has a new problem on its hands, besides its on-going two year long conflict with homegrown rebel forces, a debilitating currency is threatening to create financial crisis.

Taking advantage of the falling Syrian pound, Russia has taken to expecting hard currency for defense purchases. A source from Rosoboronexport, the state-owned Russian arms exporter told Defenseworld.net that all arms transfer are on hard currency (US dollars or Euros). The Syrian government prefers U.S. dollars so that is our choice too, he added.

Anatoly Isaikin, head of Rosoboronexport, had said in February that Russian will continue delivering weapons, including light attack jets, to Syrian despite the civil war.

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