Category: Economy

Future of Chinese and Russian SWIFTs

Strategic Council Online – Professor of Political Economy and Public Policy Department at Allameh Tabatabaei University, explaining the features of the Russian and Chinese SWIFTs, said: What could become the strong point of the Chinese and Russian SWIFTs is that if the volume, number, and scope of US sanctions expands in the world; those could become the SWIFT of the US-sanctioned block, and they could gain tremendous maneuvering power in the world of economics.

US Sanctions against Iran, a Tool or a Strategy?

Strategic Council Online – National governments and international institutions such as the United Nations and the European Union impose economic sanctions with an aim of forcing, deterring, punishing or discrediting entities that jeopardize their interests or violate the so-called international norms. In fact, the philosophy of the existence of sanctions is a tool for the punishment and consequently forcing the target country to change its behavior. Sanctions are generally seen as a low-cost, low-risk route, and in fact as a course between diplomacy and war.
Peyman Hassani – Researcher at the Office of Economic Diplomacy Studies, Imam Sadegh (AS) University

Developments in Current Order in Global Financial System

Strategic Council Online – China, by applying the strategy of making countries indebted through loans or commodity financing, seeks to play a role similar to US domination over the global financial system during the reconstruction of the post-World War II Europe.
Reza Majidzadeh – Researcher of Political Economy of Development

International implications of the reduction in the US shale oil production

Strategic Council Online—Editorial: Bloomberg recently published a report on the end of remarkable growth in the production of shale oil by the United States; of course, the reduction of shale oil production is not a new phenomenon. It actually began several months ago. However, the recent report indicates a rapid reduction at a level some analysts cannot envisage a growth in the shale oil production even for the year 2023.
Reza Majidzadeh-Economics researcher

Negative Consequences of Saudi Economic Investment in Iraq

Strategic Council Online: An expert on the Middle East affairs, referring to the protest rally of the Iraqis in response to Saudi Arabia’s investment in their country, said: The government of Mustafa Al-Kadhimi is looking to foreign investment, especially by the wealthy states in the Persian Gulf, to alleviate economic problems – countries that in the past two decades, with the support of the ISIS and some extremist Sunni groups in Iraq, have always tried to prevent any stabilization and security in the war-torn country.

Euro Overtaking USD in SWIFT; Defeat of Dollar’s Monopoly?

Strategic Council Online – For the first time in eight years, the EU-based euro remittances have surpassed US dollar-denominated exchanges, according to the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
Reza Majidzadeh – Researcher in Development Economics

Agreement of 15 Asian Countries Promises Decline of USD-Based Global Economy

Strategic Council Online – An expert on political economy, noting that we are entering a multipolar world with different blocs, said: Even in viewpoint of the Japanese, the current economic and dollar-based order is coming to an end and, therefore, they are preparing themselves for a multilateral economic system.

Greece Seeks Suspension of EU Customs Union with Turkey

Strategic Council Online: Tensions between Greece and Turkey in the East Mediterranean Sea have entered a complicated phase over Turkey’s measures regarding drillings and exploration activities in the region.
Mahmoud Fazeli – Expert on Europe Affairs

China’s Share in Global Economic Growth & Its Strategic Implications

Strategic Council Online – An expert on international economics, referring to the effects of the China-US macro rivalry on the world economy and politics said: In the future of the world’s political-economic system, we will be witness to a new Cold War and see a standoff between a different East and West. But, how long it would take, is unpredictable.

US pressure for sanctioning Nord Stream 2

Strategic Council Online—Opinion: The United States believes that the power of Russia’s influence in Europe would be multiplied when the Nord Stream 2 gas pipeline goes on stream and European countries would become more dependant on cheap gas coming from Russia.
Mahmoud Fazeli—Expert of European affairs

EU-UK Talks Deadlocked

Strategic Council Online – If Britain withdraws from the European Union without an agreement, it will no longer be able to use the EU market and the two sides will have to negotiate customs tariffs. In such a situation, trade barriers will be built in the ports of both sides, which will make the entry and exit of goods difficult and will affect the price trend.
Morteza Makki – European Affairs Expert

European Companies the Main Losers in US Sanctions against Iran, Russia

Strategic Council Online – After the end of the Cold War, economic sanctions were widely used by major world powers as an active tool in foreign policy. An economic embargo is a policy in which the goal is to change a third country’s position on an issue, change its behaviour and performance, and ultimately change the political system of the country in question. This is done by applying economic pressures and restrictions and harming the welfare of society in the target country. The United States holds the record for imposing the most sanctions since a hundred years ago and has imposed more sanctions than the United Nations Security Council and other countries.
Farzan Ghasemi – Researcher at the Office of Economic Diplomacy, Imam Sadegh University

US Deeply Concerned about Stronger Iran-China Relations

Strategic Council Online – Many countries are redefining their previous relations with the Western bloc and paying much more attention to countries in the East, such as China, India, Japan, South Korea and even Russia because they know that in the 21st century, the world economic development revolves around Asian major powers.

OPEC Plus; Prospects of Renewed Cooperation to Raise Oil Prices

Strategic Council Online: The new OPEC Plus agreement was reached at a time when even zero sums was experienced in the market. From this perspective OPEC Plus countries have agreed to prevent a recurrence of such a situation, but as soon as they feel the conditions in the global oil market are back to normal, they may be tempted to violate the agreement. At the same time, the conditions for increasing demand do not seem to be stable and continuous, and it is possible that corona pandemic leave its impacts on the oil market again out of the need to impose quarantine and close part of its production and service activities.
Reza Majidzadeh – Researcher in Political and Economic Development

Economic Competition of Powers in Libya

Strategic Council Online: Libya’s good economic opportunities have led European states to enter into serious disputes with each other in their bid to dominate Libya, each secretly and openly supporting one of the parties involved in Libya, or like the London government play a significant role in the ongoing Libyan conflict through their interventions in the Arab world and through the use of Arab reaction on their behalf.
Jafar Qanadbashi – Middle East Affairs Expert

Corona’s Economic Implications in Britain

Strategic Council Online: The Prime Minister of the United Kingdom is in a very difficult situation so that on the one hand he must be able to advance the Brexit negotiations and on the other hand he must deal with the consequences of the coronavirus disease. The combination of these two issues has created difficult conditions for Boris Johnson and the advancement of his plans in Europe and the world. At the same time, these conditions provide a special opportunity for Iran to forge industrial-economic cooperation with the United Kingdom by getting the desired concessions.
Morteza Makki – Expert on European Affairs

Post-Corona and International Economic Outlook

Strategic Council Online: A professor of political economy, referring to the economic consequences of the corona epidemic for the international economy, said: “The post-corona era is not a time to be dependent on Europe and the United States, and in the near future we will see Asian powers will increase their developmental process and economic power at higher speed and strength in the international arena.”

Extraction of Energy in Mediterranean & Its Legal Complexity

Strategic Council Online: In the matter of fossil energy resources in the Mediterranean, Egypt, the Zionist regime, Greece and Cyprus have formed a bloc against that of Turkey, Libya and the Northern Cyprus. This situation has drawn the region to further security and military disputes. Meanwhile, if Syria, Lebanon and Gaza also enter the process of exploring and extracting gas fields, the equations will be much more complex.
Sabah Zangeneh – Energy Affairs Expert

Importance of Food Security in Post-Corona Age

Strategic Council Online: Emphasizing the role of governments and international organizations in ensuring food security in the context of the corona epidemic, an international economics analyst said: “Success in overcoming these challenges will certainly require coherent and strong government programs to create a safe food system.” And international organizations need to set up food exchange arrangements around the world to prevent famine.