In this photo released by Russian Foreign Ministry Press Service, Russian Foreign Minister Sergey Lavrov, left, and Syrian President Bashar al-Assad, right, attend talks in Damascus, Syria, Sept 7, 2020. Russia's foreign minister has met with Syrian President Bashar Assad shortly after landing in the Syrian capital on his first visit since 2012. Russia has been a close ally of Assad in Syria's long and bloody nine-year-long civil war, lending his government in Damascus vital military, economic and political support. (RUSSIAN FOREIGN MINISTRY PRESS SERVICE VIA AP)

MOSCOW / AMMAN - President Bashar al Assad said on Monday he wanted to expand business ties with Russia to help Syria cope with new US sanctions on its already crippled economy that threaten to undermine military gains Damascus achieved with Moscow’s help.

Assad spoke during a meeting in Damascus with Russian Deputy Prime Minister Yuri Borisov and Foreign Minister Sergei Lavrov.

The government (Syria government) was determined to continue to work with Russian allies to implement signed agreements and to ensure the success of Russian investments in Syria. 

Bashar al Assad, Syria's President

Lavrov told a news conference Syria needed international help to rebuild its economy. Borisov said Russia was helping Syria to fix its power plants but said oil output could not resume as the fields were in areas outside government control.

Syria and Russia, whose military support since 2015 helped Damascus reverse gains by Islamists and other rebels in an almost decade-long war, had said the two sides planned to boost trade ties and would review energy, mining and power projects.

“The government was determined to continue to work with Russian allies to implement signed agreements and to ensure the success of Russian investments in Syria,” Assad said, according to state media.

Borisov said Moscow had presented proposals in July to expand economic ties and expected an agreement would be sealed in December on his next visit to Syria’s capital. He said Moscow wanted to help Damascus break the blockade of US sanctions.

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Syria has pinned hopes on Russia, its main foreign ally, while Western diplomats say Russia’s military involvement in Syria has secured Moscow major regional influence and a bigger foothold in a naval base in Syria’s Tartus port.

“Russia turned the tide for Assad and with the regime now facing its gravest challenges, Moscow is in a better position than any other time to further squeeze Assad,” said one Western diplomat who follows Syria.

Although Assad has now regained most of the territory he had lost in the war, the economy is in tatters, leaving many Syrians in poverty as the currency has lost 80 percent of its value.

Russia has criticised the new US sanctions that took effect in June under the so-called Caesar Act.

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Washington says the sanctions, which penalise foreign firms dealing with Syrian government entities, aim to cut revenue for Assad’s government and push him back into UN-led talks to end the conflict.