which includes more than 40 new projects in the field of energy sector reconstruction, a number of hydroelectric power stations, and the extraction of oil from the sea.
Borisov’s words came during a press conference with Russian Foreign Minister Sergey Lavrov and Minister of Foreign Affairs and Expatriates Walid al-Muallem, following the arrival of the Russian delegation to Damascus today, according to what SANA reported.
The Russian Deputy Prime Minister added that Syria is subjected to economic blockade and sanctions, including the Caesar Act, stressing work to violate the blockade imposed by the US administration on Syria.

Borisov pointed out that the joint governmental committee with Syria has achieved “important achievements” at the level of developing “Tartous port” and the phosphate sector, indicating that the Corona pandemic led to a global economic crisis that affected the Syrian phosphate demand.
Buthaina Shaaban, the political and media advisor in the Presidency of the Syrian Arab Republic, confirmed at the end of 2019 that Syria had begun to explore for oil in cooperation with Russian companies, and on the other hand, she denied the impact of the Caesar or Caesar Act on the Syrian economy.
The Syrian People’s Council recently approved 3 contracts signed between the “Ministry of Oil and Mineral Resources” and the Russian “Mercury” and “Villada” companies, to explore for oil in several areas within Syria.

In 2013, the “Ministry of Oil and Mineral Resources” concluded a marine Amrit contract with the Russian “Seiznefta Gas East Med” company, to explore for oil and gas in the Syrian territorial waters.
The Russian “Stroy Trans Gas Company” is currently investing the factories of the “General Fertilizer Company” in Homs for a period of 40 years, in addition to the port of Tartous for a period of 49 years, and the phosphate ores from the eastern mines of Palmyra, according to contracts recently ratified by the concerned authorities. On December 25, 2019, the Syrian-Russian Permanent Joint Committee for Trade, Economic, Technical and Scientific Cooperation concluded, during its 12th meeting in Moscow, the final protocol of the meeting, and an agreement for cooperation in the field of customs facilities between the two countries.
Before that, the Syrian-Russian Joint Committee concluded the December 2018 meeting after identifying new areas of cooperation, and Russian companies at that time agreed to implement about 30 projects in Syria, most of them industrial, to be implemented between 2019 and 2021.