{"id":249392,"date":"2021-10-22T08:42:40","date_gmt":"2021-10-22T13:42:40","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/?p=249392"},"modified":"2023-01-30T05:14:02","modified_gmt":"2023-01-30T04:14:02","slug":"would-lifting-sanctions-and-negotiations-with-tehran-boost-irans-economy","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/nuclear\/would-lifting-sanctions-and-negotiations-with-tehran-boost-irans-economy\/","title":{"rendered":"Would Lifting Sanctions and Negotiations With Tehran Boost Iran\u2019s Economy?"},"content":{"rendered":"

\"On<\/span><\/p>\n

In recent days, there have been calls by the western powers on Tehran to resume talks in Vienna to restore the 2015 nuclear deal. Those in favor of dialogues with Iran\u2019s terrorist regime claim that restoring the nuclear deal would positively affect Iran\u2019s worsening economy. But would it? <\/span>\u00a0<\/span><\/p>\n

Iran\u2019s economy suffers from the regime\u2019s institutionalized corruption<\/a>. Sanctions have secondary effects on Iran\u2019s worsening economic situation. But let\u2019s assume sanctions are the only reason behind Iran\u2019s failing economy.\u00a0<\/span>Sanctions are imposed due to the regime\u2019s efforts to obtain nuclear bombs, support of terrorism, and ongoing human rights violations<\/a><\/span><\/p>\n

\u201cWhile Iran and China have a 25-year cooperation agreement and some forecasts indicated an increase in Iranian oil sales to China, the Tehran Chamber of Commerce data show that in the first eight months of 2021, Iran\u2019s oil sales to China dropped by more than $11 billion, compared to three years ago. At the same time, Saudi Arabia\u2019s oil sales to China grew significantly,\u201d wrote the state-run\u00a0Tejarat\u00a0News reported\u00a0on October 21.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cOman, Iraq, Kuwait, and the UAE are the other four countries whose oil sales to China have also increased during this period to compensate for China\u2019s drop in oil supply from Iran,\u201d the website added.<\/span>\u00a0<\/span><\/p>\n

According to Tehran\u2019s apologists<\/a>, sanctions\u00a0are the only problems of Iran\u2019s economy,\u00a0so\u00a0Tehran could immediately have them lifted if it stops all its malign activities.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cMost of the sanctions are imposed due to our ideology, and obviously, standing up for ideology will incur costs. But the debate is not about why and how the sanctions are imposed. The question is,\u00a0why do we refuse to take safe paths against sanctions and impose a lot of economic costs on the country?\u201d\u00a0wrote the\u00a0state-run Eghtesad-e\u00a0Pouya\u00a0on October 4.\u00a0<\/span>\u00a0<\/span><\/p>\n

For a better understanding, let\u2019s look at Instrument in Support of Trade Exchanges (INSTEX), a European special-purpose vehicle (SPV) established on January 31, 2019. <\/span>To help Tehran evade U.S. sanctions, reimposed in 2018 after the Trump administration withdrew from the JCPOA<\/a>, the European Union started INSTEX, a financial mechanism to facilitate non-USD and non-SWIFT transactions with Iran. Tehran could have used INSTEX if it had ratified the conventions of the Financial Action Task Force (FATF).\u00a0 <\/span>\u00a0<\/span><\/p>\n

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Fitting a Square Peg into a Round Hole with Iran Negotiations - April 2021<\/div><\/div>
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