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How Assad secretly sent 21 planeloads of Syria’s cash to Moscow

How Assad secretly sent 21 planeloads of Syria’s cash to Moscow

The near-broke central bank sent almost $400 million in bulk shipments between 2018 and 2019 to Russia when the dictator was indebted to the Kremlin.

Syria’s Bashar al-Assad piled almost $400m in cash onto planes and fly them to Russia, before his regime fell. Bethany Rae

Bashar al-Assad’s central bank airlifted about $US250 million ($392 million) in cash to Moscow over a two-year period when the then-Syrian dictator was indebted to the Kremlin for military support and his relatives were secretly buying assets in Russia.

The Financial Times has uncovered records showing that Assad’s regime, while desperately short of foreign currency, flew banknotes weighing almost two tonnes in $US100 bills and €500 notes into Moscow’s Vnukovo airport to be deposited at sanctioned Russian banks between 2018 and 2019.

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Original URL: https://www.afr.com/world/middle-east/how-assad-secretly-sent-21-planeloads-of-syria-s-cash-to-moscow-20241217-p5kywr