Thursday, May 7, 2020

Syria in Crisis

By Micah Halpern

I've Been Thinking:

Behind the scenes things are worse than one thinks in Syria.

Rami Maklouf is Syria’s richest man and a cousin of President Bashar Assad. 

But over the past week Maklouf has taped and posted 2 scathing attacks against his cousin on Facebook.

Maklouf is claiming that the Syrian regime is arresting his employees and stifling his business. He asserts that Assad wants to nationalize his businesses.

That would be a rather hefty move for Assad and Syria. Maklouf owns 60% of all of Syria’s production and business. He has amassed a $10 billion net worth.

Maklouf and Assad are more than cousins. They are friends. Maklouf has backed and bankrolled Bashar Assad since his first day in office. He has contributed billions of dollars to support Assad and to fight the rebels trying to oust him.

So why the split? Why the dramatic change?

It all goes back to Russia.

Russia suggested that Assad tax his cousin. Maklouf responded that it was excessive and rejected the tax assessment. So Assad marched in and started arresting his cousin’s employees.

Micah@MicahHalpern.com

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