• 2022-11-22

    In response to continuous European sanctions against Tehran, the Islamic Republic has responded with its own in the hopes of countering foreign hostility

  • 2022-10-27

    Eurasia is about to get a whole lot larger as countries line up to join the Chinese and Russian-led BRICS and SCO, to the detriment of the west

  • 2022-10-23

    In their recent speeches, representatives of Russia and Iran have very positively described the intense contacts between the two countries, assessing visits, meetings and negotiations of the officials of both countries as a steady and unwavering will of these states aimed at shaping a “new era” of mutually beneficial strategic cooperation, including in the economic sphere.

  • 2022-10-21

    Iran’s economy has lived under sanctions for the last forty years. Yet their pressure has been uneven: the most sensitive measures were applied against Iran by the U.S. and its partners in 2010–2015 and in 2018–2022. However, despite gloomy expectations of grave consequences for Iran’s economy, it has managed to survive: it has been damaged but not shattered. The Iranian government has succeeded in securing control over the domestic political situation. Even though Tehran has been unsuccessful in completely offsetting the negative impact of the sanctions, it has mitigated their effect in the short term and won time necessary for devising a long-term program of anti-sanctions measures. This article analyzes the impact of sanctions on Iran’s economy with a special focus placed on the factors that determined their partial success/failure. The paper also analyzes the lessons Iran could draw from its experience in resisting U.S. sanctions that may be helpful in counterbalancing the short- and long-term impact of the current U.S. pressure on the country’s economy.

  • 2022-10-17

    Iran has become an instrumental partner for Venezuela, helping the besieged nation revive an oil industry that for years has been the target of US sanctions and sabotage attacks

  • 2022-10-10

    Protests in Iran are continuing as the Iranian people bravely maintain a presence in the streets and on social media. So far, Iranian authorities have given no clear indication that they will reform policies in line with protest demands and have signalled that a larger crackdown may be coming.

  • 2022-09-27

    Venezuela received a delivery of 1.22 million barrels of Iranian crude and 2 million barrels of condensate this month, and the cargo will soon be unloaded according to documents reviewed by Reuters.

  • 2022-09-27

    Top United Nations experts wrote a letter to the United States government, emphasizing that its illegal unilateral sanctions on Iran violate the human rights of the Iranian people, calling for them to “be eased or lifted completely.”

  • 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

    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.