Valdai Discussion Club
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โฐ TODAY at 11:00  Moscow Time (GMT+3), the Valdai Club will host the presentation of its  report, titled โ€œNeither East, Nor West: How Iranโ€™s Economy Copes With Sanctionsโ€.

โ“What financial mechanisms does Iran use for mutual settlements?
โ“How does Iran compensate for the lack of technology?
โ“How has the role of sanctions changed in the Iranian economy?
โ“What lessons can Russia learn from the Iranian experience?
โ“What are the prospects for cooperation in countering sanctions pressure?

The participants in the discussion will try to answer these and other questions.

Links to the live broadcast of the discussion will be posted on all online platforms of the Valdai Club: on the websiteX (formerly Twitter)VKTelegram and Dzen

#Multipolarity_and_Connectivity #Iran #sanctions

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๐Ÿ—ฃ On September 9, 2024, the Valdai Club hosted the presentation of its new report, titled โ€œNeither East, Nor West: How Iranโ€™s Economy Copes With Sanctionsโ€.

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#Multipolarity_and_Connectivity #Iran #sanctions

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๐Ÿ‡ฎ๐Ÿ‡ท How to Fight Sanctions: The Iranian Experience

On September 9, the Valdai Discussion Club presented the report โ€œNeither East, Nor West: How Iranโ€™s Economy Copes With Sanctionsโ€.

๐Ÿ’ฌ The discussion was moderated by Ivan Timofeev, the Clubโ€™s programme director, who noted that Iran remains one of the key cases for those studying the use of sanctions, and that Iranโ€™s experience is extremely important for Russia. Timofeev emphasised that, while this experience cannot be copied literally, it requires careful, unbiased, and objective study.

๐Ÿ’ฌ Adlan Margoev, a researcher at the Institute of International Studies at MGIMO and a co-author of the report, briefly outlined some of its key points. Margoev analysed Iranโ€™s reaction to the sanctions, noting that Tehran was simultaneously trying to reach an agreement with the initiators and adapt to the terms of the sanctions. According to him, the results of Iranโ€™s attempts to reach an agreement show that sanctions are a โ€œone-way ticket.โ€ Even if at some point it is possible to remove or soften them, it is very difficult to ensure the sustainability of this deal. The analyst noted that Iran, despite colossal sanctions pressure, is coping with its basic needs - and this is certainly a positive experience - but it cannot yet scale this success to the entire economy.

๐Ÿ’ฌ Maxim Baranov, Acting Director of the Second Asian Department of the Russian Foreign Ministry, noted that the approach outlined in the report is of interest both from the point of view of assessing the development of modern Iran and from the point of view of survival under sanctions. The diplomat named the need for far-reaching work to create a regulatory framework for combating sanctions. The corresponding declaration signed by Russia and Iran is becoming a basic document for interaction with other countries and can serve as a basis for transferring anti-sanction cooperation from a bilateral to a multilateral format. "Sanctions are not our choice. But we can choose how to fight them," Baranov added.

๐Ÿ’ฌ Kayhan Barzegar, Senior Academic Advisor at the Institute for Political and International Studies (IPIS), acknowledged that sanctions have caused serious difficulties for the Iranian economy, but added that Iran is capable of coping with them and will not collapse under any circumstances. Sanctions put pressure on the Iranian people, especially the middle class, but they cannot alter the country's strategic approaches and priorities. Barzegar noted that Iran is now actively involved in regional politics, using its advantageous geographical location, and this has delivered extremely positive results. The reorientation towards countries in the Global South helps it protect its national interests.

๐Ÿ’ฌ Sumbula Sultanova, Executive Secretary of the Russian-Iranian Business Council, described the Iranian "resistance economy" as a well-coordinated mechanism aimed at maximising the use of internal resources - human, financial and natural - as well as resisting external pressure by creating reserves of necessary goods. Counteracting the sanctions regime falls under the jurisdiction of state institutions. โ€œThe timely adjustment of the economy by the state allows Iran to stay afloat again and again,โ€ Sultanova said.

๐Ÿ’ฌ Lana Ravandi-Fadai, Senior Researcher and Head of the Eastern Cultural Centre at the Institute of Oriental Studies of the Russian Academy of Sciences, noted that the development of the Iranian economy can be called relatively successful. In her opinion, banking plays a key role in overcoming sanctions. She puts the oil industry in second place. Another important point, according to Ravandi-Fadai, is the development of relations with neighbours, both those under sanctions and those not under sanctions. In addition, she believes it is necessary to take into account the influence of domestic policy, including the creation of free economic zones.

https://valdaiclub.com/events/posts/articles/how-to-fight-sanctions-the-iranian-experience/

#Multipolarity_and_Connectivity #valdai_report #Iran #sanctions

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โฐ TODAY at 4:00 p.m. Moscow time, the Valdai Club will host an expert discussion dedicated to the situation in the Middle East.

โ“How far will Israel go in the fight against Hamas and Hezbollah?
โ“Will Arab states unite to counter the threat?
โ“Will Iran continue to follow the policy of โ€œstrategic patienceโ€?

The participants in the discussion will try to answer these and other questions.

Links to the live broadcast of the discussion will be posted on all online platforms of the Valdai Club: on the websiteX (formerly Twitter)VKTelegram and Dzen

#Return_of_Diplomacy #Lebanon #MiddleEast #Iran #Israel #Hamas #Hezbollah

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๐Ÿ—ฃ On October, 2, 2024, the Valdai Club hosted an expert discussion dedicated to the situation in the Middle East.

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#Return_of_Diplomacy #Lebanon #MiddleEast #Iran #Israel #Hamas #Hezbollah

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