All tagged Hassan Rouhani
◢ During a meeting with the Islamic Republic's political elite, Supreme Leader Ayatollah Ali Khamenei reiterated calls for a “resistance economy,” but also placed new emphasis on the “increasing the ease of doing business.” The specificity of some of Khamenei’s advice and observations about Iran’s economy suggests a greater appreciation for the practical importance of economic reforms that go beyond well-worn political slogans.
◢ Aiming to achieve self-sufficiency in the production of gasoline, Iran recently launched the third phase of the Persian Gulf Star Refinery, after a massive investment of USD 4 billion. But given rising consumption, the future of genuine gasoline self-sufficiency in Iran might be less bright than the new developments at the Persian Gulf Star suggest.
◢ With the UK poised to leave the European Union, Brexit Britain can no longer rely on EU economic measures to protect the Iran nuclear deal. The UK government needs to parallelize its efforts with those of the EU, following the example of EU member states such as France and Austria in order to explore the use of state-owned financing entities to open sanctions-compliant investment channels. The Iranian government should insist that the UK shows greater initiative as a party to the JCPOA.
◢ The Trump administration's new Iran policy focuses largely on targeting the IRGC in the name of American national security. But IRGC will not stop its expansionism in the Middle East because of sanctions and sanctions will not weaken the Iranian government at home.
◢ If the Trump administration continues to harm Iran's economy, the biggest losers will be the Iranian people, caught between punitive U.S. policies and an illiberal regime.