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51. Russian and Iranian Economic Interests In Syria (Pre-2010 and intra-war period)

Author:
Hamidreza Azizi and Leonid Issaev
Publication Date:
02-2019
Content Type:
Working Paper
Institution:
The Geneva Centre for Security Policy
Abstract:
Discussion paper for the workshop on: “The Politics and Modalities of Reconstruction in Syria”, Geneva, Switzerland, 7-8 February 2019. There has historically been low levels of trade and investment from both Russia and Iran with Syria, with trade in military items being a notable exception. While the trade relationship between Syria and its two main allies predates the conflict, levels of trade had been remarkably low before the crisis, in contrast to mainstream perceptions. Yet, these figures cannot be confirmed due to unavailability of a comprehensive record of the Syrian bilateral relationship with Iran and Russia. Internationally imposed sanctions have discouraged Russian and Iranian companies from doing business with Syria. Lacking any other resources, the only way that Syrian could repay debts to its allies would be to grant exclusive access to energy and natural resources. This however would reduce the public revenue needed to rebuild state institutions, and also encourage foreign rivalry over economic opportunities. As Syria lacks any coordination mechanism for post-war economic reconstruction, Russia and Iran have set their eyes on the energy sector, where Russia has the upper hand. Yet, cooperation is also possible in other sectors, such as Syria’s rail sector. In order to understand the Russian and Iranian economic relationship with Syria, two factors should be considered. First is the informal relationship between Syria and its two allies, which has taken the form of unofficial agreements and trade. These would be important when sanctions are lifted. The second factor is military exports to Syria, expected to be large, given the scale of war and Syrian reliance on Russia and Iran. Due to lack of official data, this paper will not consider both issues.
Topic:
Economics, Sanctions, Conflict, Syrian War, Investment, and Trade
Political Geography:
Russia, Iran, Middle East, and Syria

52. Iran Has a Slow Motion Banking Crisis

Author:
Adnan Mazarei
Publication Date:
06-2019
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics (PIIE)
Abstract:
Suffering under Western sanctions and security challenges, Iran faces problems as well from its fragile banking system, which has been languishing for decades. Liquidity and solvency weaknesses pose a growing risk to the country’s financial stability. The sanctions reimposed by the United States in 2018 have heightened these vulnerabilities, but the problems also result from the heavy-handed role of the state, corruption, and the Central Bank of Iran’s failure to regulate and supervise the system. Iran’s ability to avoid a run on its banks is aided by their reliance on liquidity assistance, deposit insurance, and regulatory forbearance from the central bank. Depositors are forced to be patient because they have limited options to invest elsewhere. Iran has thus avoided a full-blown banking crisis. But the situation is not sustainable. Banks remain susceptible to external shocks, which could come from a complete halt to oil exports or war.
Topic:
Security, Financial Crisis, Sanctions, Banks, and Financial Institutions
Political Geography:
Iran, Middle East, North America, and United States of America

53. The politics of hope: a nation’s patience tested

Author:
Ali Tehrani and Azadeh Pourzand
Publication Date:
01-2019
Content Type:
Journal Article
Journal:
Harvard Journal of Middle Eastern Politics and Policy
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
Winter 2019 marked the 40th anniversary of the 1979 Islamic Revolution in Iran. The anniversary celebrations occurred in the midst of a difficult era of socio-economic turmoil, the return ofَ U.S. sanctions, and deepening political infighting in the Islamic Republic. Tensions between the government and the people are especially high. The tectonic plates of social change have been shifting below the surface in Iran over the past two decades, with major discontent erupting in the past year. While the country’s political facade appears largely unchanged, tensions and fragmentations among the ruling elite have deepened. Economic conditions are fast deteriorating for the average citizen, while political repression remains a harsh reality. Iran’s citizens, who have clung to hope and the possibility for change through decades of domestic repression and isolation from the global economy, struggle to remain hopeful. Collective fatigue stemming from years of isolation from the global economy, as well as domestic economic hardship, compounds the disappointment Iranians feel from unfulfilled political promises. The Iranian government has repeatedly failed to carry out promised reforms; in recent years alone, President Hassan Rouhani has proven unable to carry out his promises to “open up Iran politically, ease rigid social restrictions and address human rights abuses.” As this situation continues, Iran risks despair and chaos.
Topic:
Government, Politics, Social Movement, Sanctions, Nuclear Power, Reform, Economy, and Memory
Political Geography:
Iran and Middle East

54. Iran’s New Budget Is Tight, But Not Tight Enough

Author:
Patrick Clawson
Publication Date:
12-2019
Content Type:
Policy Brief
Institution:
The Washington Institute for Near East Policy
Abstract:
Rouhani has taken a remarkably austere fiscal approach ahead of the looming parliamentary election, but the country’s economic situation is still not sustainable over the long run. On December 8, following established procedures, President Hassan Rouhani visited parliament to present his budget for the Iranian year 2020/21, which begins in March. Notwithstanding the government’s rosy rhetoric, his spending proposals show the tough times the Islamic Republic is facing.
Topic:
Foreign Policy, Oil, Sanctions, Budget, Elections, and Economy
Political Geography:
Iran and Middle East

55. American Sanctions and Military Action against Iran

Author:
Udi Levi
Publication Date:
12-2019
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
A critical point has been reached where sanctions and military conflict connect. Tehran needs and seeks a limited military confrontation with the West in order to shore-up its legitimacy at home.
Topic:
Diplomacy, Military Strategy, Sanctions, Conflict, and Intervention
Political Geography:
Iran, Middle East, North America, and United States of America

56. Iranians Will Not Forget.

Author:
Tricontinental: Institute for Social Research
Publication Date:
08-2019
Content Type:
Working Paper
Institution:
Tricontinental: Institute for Social Research
Abstract:
Frustration with the resilience of Iran and with its ties to China and Russia have pushed the regional allies of the US – and the US itself – to renew threats against Iran. The hybrid war against Iran has included economic sanctions, sabotage, and assassinations, as well as an information war. To break through the information barrier, Tricontinental: Institute for Social Research interviewed Professor Mohammed Marandi of the University of Tehran. This conversation focuses on the unilateral US sanctions policy against Iran, on Iran’s resilience, and on Iranian relations with China and Russia.
Topic:
Military Strategy, Sanctions, Alliance, Conflict, and Resilience
Political Geography:
Iran and Middle East

57. A Difficult Trade-off: Can Moscow Trade Iran’s Influence in Syria for Sanctions?

Author:
FARAS
Publication Date:
11-2018
Content Type:
Commentary and Analysis
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
Currently, Russia is trying to maintain its political and security understandings with key parties to the Syrian conflict. But one of the main obstacles facing it is the intertwining and conflicting interests of parties, which leaves Russia with limited options and narrow room for maneuvering. Furthermore, it strains its relations with these parties, as is the case with Israel, following the Russian accusation to Israel of shooting down the Ilyushin Il-20 in September 17, 2018.
Topic:
Security, Sanctions, Donald Trump, Vladimir Putin, Hassan Rouhani, and Bashar al-Assad
Political Geography:
Russia, Iran, and Syria

58. The Chinese Betting Can Iran Develop Phase 11 of the South Pars Field?

Author:
FARAS
Publication Date:
12-2018
Content Type:
Commentary and Analysis
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
China National Petroleum Corporation (CNPC) has replaced Total of France as a major operator in the development of phase 11 of the South Pars gas field. This is a substantial gain for the Iranian government, which strives to lure international investors to shore up its economy following the withdrawal of most foreign companies from the market due to US sanctions in last August and November. However, the project appears to hit many hurdles, including the Chinese company’s fears of heavy US fines or escalation of the US ongoing trade war against the county in the coming period.
Topic:
Energy Policy, Government, Oil, Sanctions, Gas, and Trade Wars
Political Geography:
China, Iran, Middle East, and Asia

59. Limits of Rapprochement: Is Iran Betting on Turkey to Confront the US Sanctions?

Author:
FARAS
Publication Date:
12-2018
Content Type:
Commentary and Analysis
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
Iran has shown a particular interest in improving its bilateral relations with Turkey, mainly at the economic level. This was evident in the visit of Iranian President, Hassan Rouhani, to Turkey, on December 20, to participate in the fifth session of the Supreme Council for Strategic Relations between the two countries, accompanied by a mostly economic delegation. Tehran believes that there are several factors, related to developments in the regional and international arenas over the past period, which can help achieve this goal, namely increasing the volume of trade between both countries to USD 30 billion. However, Iran’s betting on the Turkish role seems to have limits due to the ever-changing and unstable nature of Turkish policy, which casts doubts over the possibility of reaching such level of rapprochement.
Topic:
International Relations, Diplomacy, Sanctions, and Hassan Rouhani
Political Geography:
Iran, Turkey, Middle East, Syria, North America, and United States of America

60. Costly Options: Will India Keep Buying the Iranian Oil After US Sanctions?

Author:
FARAS
Publication Date:
10-2018
Content Type:
Commentary and Analysis
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
The Indian energy sector faces a dilemma amid the US administration plans to impose the second batch of sanctions on Iran in November. The US exerts pressure on the main buyers of Iranian oil, including India, to stop importing it in the coming period. For India, Iranian oil is one of the indispensable options for its energy security because of the preferential terms granted by Iran. Despite the Indian stance rejecting the US sanctions, Indian refineries have decided to halt the Iranian oil shipments starting from next November, and hence they may turn to other producers to fill the potential gap, but at a higher cost.
Topic:
Energy Policy, Oil, Sanctions, and Donald Trump
Political Geography:
Iran, South Asia, Middle East, India, North America, and United States of America