Exclusive - China, Russia Lead Campaign to Avoid Politicization of Coronavirus in Syria

A man walks in empty Souk al-Hamidieh as restrictions are imposed as measure to prevent the spread of the coronavirus in Damascus, Syria March 24, 2020. (Reuters)
A man walks in empty Souk al-Hamidieh as restrictions are imposed as measure to prevent the spread of the coronavirus in Damascus, Syria March 24, 2020. (Reuters)
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Exclusive - China, Russia Lead Campaign to Avoid Politicization of Coronavirus in Syria

A man walks in empty Souk al-Hamidieh as restrictions are imposed as measure to prevent the spread of the coronavirus in Damascus, Syria March 24, 2020. (Reuters)
A man walks in empty Souk al-Hamidieh as restrictions are imposed as measure to prevent the spread of the coronavirus in Damascus, Syria March 24, 2020. (Reuters)

China and Russia have used the new coronavirus pandemic as an opportunity to lead efforts at the United Nations to lift American and European sanctions against a number of countries, including Syria. They have sized on UN Secretary-General Antonio Guterres’ recent call for a nationwide ceasefire in Syria to demand sanctions relief.

In a letter to Guterres, they called for lifting the “unilateral coercive measures, which are illegal and blatantly violate international law and the Charter of the United Nations” and for avoiding the politicization of the coronavirus.

“The destructive impact of said measures at the national level, plus their extraterritorial implications, together with the phenomena of over-compliance and the fear for ‘secondary sanctions’, hinder the ability of the national governments to, among others, have regular access to the international financial system or to free trade; thus undermining ongoing efforts of national government to attack the COVID-19, especially in relation to the effective and timely procurement of medical equipment and supplies, including testing kits and medications,” read the letter that was signed by representatives of China, Russia, Venezuela, Nicaragua, Bolivia, Syria, North Korea and Cuba

“In addition, the sanctions also have a direct negative impact on, among others, the human rights to lifer, health and food of the peoples subjected to them. Ultimately, these measures also affect the essential cooperation and solidarity that should prevail among nations,” said the letter, a copy of which was obtained by Asharq Al-Awsat. The representatives therefore, called on Guterres to immediately lift the “illegal” and oppressive sanctions.

The letter was released days after a visit paid by Russian Defense Minister Sergey Shoigu to Damascus, where he met regime leader Bashar Assad to address the Russian leadership’s regional and international efforts to break the siege and lift sanctions against Syria.

Beijing is believed to be using the war against the coronavirus to achieve political gains on the international scene, taking advantage of the “absence” of the American role in fighting the pandemic. Washington, in return, has been criticizing China over the outbreak, accusing it of “disinformation”.

A high-ranking western official told Asharq Al-Awsat that the letter to Guterres holds no executive power because the sanctions against Syria are imposed by the US Treasury and the European Commission.

“Russia and China are better off providing humanitarian and medical assistance and exerting pressure to reach a comprehensive ceasefire instead of addressing the UN,” he said.

Washington and Brussels don’t appear to be abandoning the economic sanctions approach against the regime and its officials and allies. Efforts are also underway to speed up the implementation of the Caesar Act that would impose sanctions against parties seeking to contribute in Syria’s reconstruction before a credible political process is implemented. The act is expected to take effect in mid-June.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.