**Syria Breaks Ties with Russia, Seeks New Currency Printing Deals**
The Syrian government has decided to end its long-standing partnership with Russia for printing currency. This move marks a significant shift in Damascus’s foreign policy and economic posture, particularly after the ousting of former dictator Bashar al-Assad in December 2024.
**A New Era for Syria**
According to Reuters, Syria is now seeking new partnerships with Arab and Western countries to produce its banknotes. The decision reflects a desire by the new leadership to break free from Moscow’s influence and establish deeper ties with other nations. This change comes as sanctions against Syria are easing, allowing the country to re-engage with the international community.
**Germany and UAE in the Running**
Syrian authorities are reportedly in talks with Oumolat, a company based in the United Arab Emirates (UAE), for a new currency printing deal. In Germany, state-owned Bundesdruckerei and private company Giesecke+Devrient have also expressed interest in partnering with Syria.
**Ending Decades of Cooperation**
Russia had been Syria’s leading banknote producer since EU and U.S. sanctions cut off access to European contractors over a decade ago. This partnership effectively ends this year, marking the end of an era in Syrian-Russian cooperation.
**A New Chapter for Middle East Diplomacy**
The developments in Syria come as other nations are also re-evaluating their relationships with Russia. Ukraine has opened dialogue with the new Syrian government, and U.S. President Donald Trump has lifted sanctions on Syria. These changes suggest a shift towards more diplomatic engagement between nations in the region.
**Commentary: A Broader Message**
This move by Syria sends a broader message about the changing dynamics of global politics. As sanctions ease and relationships are re-evaluated, nations are seeking new partnerships and economic opportunities. This trend may signal a more multipolar world where multiple powers can cooperate on various fronts.
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