... national currencies will start working conditionally tomorrow, they will not provide banks with a final solution to the problem of secondary US sanctions. They will continue to exercise caution and “excessive compliance.” The risks of secondary sanctions also arise for banks in connection with Iran's membership in BRICS. In itself, the presence of such a large regional player within BRICS strengthens its political potential. But it complicates potential financial settlement projects within the association.
The third problem is relations between countries within ...
It is the time for a more inclusive global financial structure
Sanctions and Sacrifice of Generations
Ivan Timofeev:
US Withdrawal From the JCPOA and Anti-Iranian Sanctions: Pros and Cons
I have lived through sanctions. I know their aroma of depravity, their unipolar projections of might, and their arbitrary fright on lives of ordinary people, economies and generations who live and are raised through sanctions....
... Russia’s ambition to help establish a non-Western system of international governance is evident through its activities in the BRICS forum, the Shanghai Cooperation Organisation, and the establishment of the (admittedly as yet ineffective) Eurasian Economic ... ... Ukraine and elsewhere.
Those who disregard the possibility of cooperation with Russia outright ought to consider the case of Iran. The Iranian nuclear deal is a significant achievement towards regional and international security, and it would not have ...
