Valdai Club

On September 9 at 11:00 Moscow Time (GMT+3), the Valdai Club hosted the presentation of its report, titled “Neither East, Nor West: How Iran’s Economy Copes With Sanctions”.

 After February 24, 2022, the Western countries imposed an unprecedentedly broad set of economic restrictions on Russia. The measures affected the country’s financial sector, extractive industries, transport network and industry. The initiators of the economic war used almost all existing types of pressure. Russia is not the first country to face such a range of sanctions, but the speed with which they were imposed has been unprecedented. In just a few months, Russia has received a set of restrictions that, for instance, Iran has faced over the past 43 years. Russia can learn from Iran's experience in adapting to and overcoming such restrictions.

Iran has had to endure a wide set of restrictions. The financial sector there continues to suffer. Iran’s ability to export oil and import essential industrial goods and equipment is limited. Sanctions were imposed over several political issues at once. In addition to the nuclear program, alleged human rights violations, and Middle East policy, the activities of the IRGC and other organisations have been targeted.