Iran ready to share sanctions-related experience with Russia: Iran VP

By Al Mayadeen English
Source: Agencies
6 Oct 2022 21:42

Having endured four decades of unfair and illegal sanctions, Iran expresses its readiness in sharing its experience with Russia and plans to open joint working groups to help alleviate the negative effects of western-imposed sanctions on both countries.

Iran's First Vice President Mohammad Mokhber

Iran's First Vice President Mohammad Mokhber said on Thursday that Iran is ready to share its experience in fighting sanctions with Russia and to further cooperate on joint energy projects.

During a meeting with Russian Prime Minister Mikhail Mishutin, Mokhber said "Our main strategy concerning the sanctions issue is their neutralization and mitigation of their consequences. I assume that it is a very good accumulated experience and that we can share it with our Russian counterparts."

The Iranian politician said that over the last four decades, Iran withstood the "toughest sanctions" and he further suggested that a joint working group be established between the two countries to withstand potential destabilization caused by sanctions imposed on Russia.

He also noted that Tehran shares mutual interests with Moscow in the energy sector and he welcomed Russian companies to generate new outputs for LNG production in Iran.

Mokhber informed the Russian prime minister about previous meetings he held with major Russian companies, where both sides discussed cooperation in the fields of energy investment, agricultural exports, and transport.

On Wednesday, Mokhber landed in Moscow to take part in the second Caspian Economic Forum (CEF), an international economic event that serves as a platform for discussing issues related to the creation of conditions for major investment projects for littoral Caspian which include Russia, Iran, Azerbaijan, Kazakhstan, and Turkmenistan.

Although Iran did indeed suffer tremendously from four decades of sanctions, it is unlikely that Russia may be affected as much by the sanctions imposed on it by the West.

Unlike the EU, Russia is far from experiencing an energy crisis, but the sanctions meant to contain Russia have instead backfired on the EU.

Moreover, the Euro has lost its parity with the dollar and depreciated 2.34% against the US currency in the month. In the year, the fall has already reached 13.6%.

Earlier today, IMF Managing Director Kristalina Georgieva said that the IMF plans to downgrade its forecasts for global growth and global outputs in an upcoming report.

Georgieva said that the IMF expects one-third of the global economy to undergo a recession in the year 2023 and for the global output to decline by about $4 trillion between now and 2026.

Following the imposing of a price cap on Russian oil, Putin said on Wednesday that Russia will stop supplying oil and gas to countries that impose price ceilings. He stated that Russia will honor its contractual responsibilities and hoped that other countries would follow suit.

"We will not supply anything at all if it is contrary to our interests, in this case economic (interests)," he said. "No gas, no oil, no coal, no fuel oil, nothing."

On the same note, Iranian Deputy Energy Minister Ahmad Asadzadeh told Sputnik today that the West is now enduring the consequences of an energy crisis which is the result of its own actions through the imposing of sanctions on Russia and Iran.

Yesterday, he delivered comments regarding the OPEC+ meeting in which "Today there is a meeting of OPEC+, where a decision will be made. I want to say that the countries of Europe and the US will not be able to shift the responsibility to satisfy their needs in the oil sector and the energy crisis on us," the minister said.

Earlier today, it was reported that Russia signed an oil and gas swap agreement with Iran which will expire by the end of this year.