• 2022-08-25

    Iran’s ambassador to Moscow, Kazem Jalali, revealed on 24 August that entities in the two countries have started conducting trade in their national currencies for the first time. The transactions were reportedly handled by the Russian Central Bank’s Mir system, according to Iranian state media. No further details were provided about the transactions.

  • 2022-07-20

    The Tehran summit uniting Iran-Russia-Turkey was a fascinating affair in more ways than one. Ostensibly about the Astana peace process in Syria, launched in 2017, the summit joint statement duly noted that Iran, Russia and (recently rebranded) Turkiye will continue, “cooperating to eliminate terrorists” in Syria and “won’t accept new facts in Syria in the name of defeating terrorism.” That’s a wholesale rejection of the “war on terror” exceptionalist unipolarity that once ruled West Asia.

  • 2022-07-20

    Iran has increased its delivery of a key crude oil grade that Venezuela is using to boost the productivity of its refineries, allowing the Latin American nation to free its lightest grades for blending and exporting.

  • 2022-07-15

    Mega Eurasian organizations and their respective projects are now converging at record speed, with one global pole way ahead of the other.

  • 2022-07-09

    The Russian logistics company, RZD Logistics, announced on 7 July that it has completed its first transportation of goods via container trains from Russia to India through the eastern branch of the International North-South Transport Corridor (INSTC). This first transportation of goods through the INSTC was made in coordination with the Iranian shipping firm, the Islamic Republic of Iran Shipping Line Group (IRISL). The INSTC, which links the Indian Ocean and Persian Gulf to the Caspian Sea via Iran, is a 7,200 kilometer-long, major international shipping route for Indo-Russian trade. The cargo left Saint Petersburg on 13 June, passing through the Caspian Sea port of Anzali and the Iranian port of Bandar Abbas before arriving in India.

  • 2022-07-03

    Coinciding with the visit of Iranian Foreign Minister Hossein Amir-Abdollahian to Syria on 2 July, a third Iranian oil tanker has arrived in the  port of Baniyas, north of Tartous. Two million barrels of crude oil were delivered to Syria from this shipment. The supply of energy resources and other goods is part of an Iranian credit line extended to Syria. The credit line was first opened in 2013 with a cap of $1 billion.

  • 2022-03-08

    The battlefield is drawn.  The official Russian blacklist of hostile sanctioning nations includes the US, the EU, Canada and, in Asia, Japan, South Korea, Taiwan, and Singapore (the only one from Southeast Asia). Notice how that ‘international community’ keeps shrinking. The Global South should be aware that no nations from West Asia, Latin America or Africa have joined Washington’s sanctions bandwagon. Moscow has not even announced its own package of counter-sanctions. Yet an official decree “On Temporary Order of Obligations to Certain Foreign Creditors,” which allows Russian companies to settle their debts in rubles, provides a hint of what’s to come. 

  • 2022-01-15

    Iran had its voting rights suspended over late dues earlier this week as it struggles to get access to its international accounts frozen by US sanctions. Iran is looking to find a "safe channel" to pay its dues to the United Nations as it struggles to access its international accounts that have been frozen under heavy US sanctions.  Majid Takht Ravanchi, Iran’s permanent representative to the UN, said late on Friday that the country was determined to have its voting rights reinstated once it finds a way around its blocked international accounts.  "The Islamic Republic of Iran has always been committed to pay for its membership on time and we have shown this in action before," Ravanchi said. "Unfortunately, for a second year we are facing hurdles in making our payments and that is because of the cruel US sanctions … the funds are there in our accounts abroad but can’t be accessed."

  • 2022-01-12

    110 Republican lawmakers have called on the Biden administration to abandon negotiations with Iran aimed at saving the 2015 nuclear deal and impose new sanctions against Tehran, according to a letter sent Wednesday to the US State Department and obtained exclusively by the Washington Free Beacon. “We write to urge you to immediately withdraw from the fruitless Vienna talks to re-enter the Joint Comprehensive Plan of Action (JCPOA) and instead strongly enforce existing sanctions against Iran, particularly with respect to the oil trade between Iran and the People’s Republic of China,” the lawmakers write in a letter spearheaded by House Foreign Affairs ranking member Michael McCaul (R., Texas) and cosigned by 109 other lawmakers.

  • 2021-12-05

    Last week, the seventh round of the negotiations over the fate of the JCPOA saw Iran table an initial proposal on sanctions relief. The proposal led to complaints from Western officials that the Iranian negotiators were being unreasonable. Iranian officials responded by insisting their proposals were “pragmatic.” The initial exchange suggested to some that disagreements over sanctions relief issue are going to prove the intractable because what Iran wants—significant investment—is impossible for the P5+1 to guarantee. Gérard Araud, former French ambassador to the United States and an astute observer of the nuclear talks, tweeted that “Even if the JCPOA was restored, no Western company would dare invest a cent in Iran.”Araud is rightly concerned. Western companies will be reluctant to invest in Iran due to fears that a Republican president could reimpose sanctions in 2025, putting their investments in jeopardy.

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