SHAFAQNA PAKISTAN (Shia News Agency)
Iran’s nuclear deal has many national and international implications. Where it has far reaching implications for Arab world that has been allying US to keep US under numerous economic sanctions, it has been said that deal may affect Iran-Russia’s long history of cooperation. But the fact is that this deal would further strengthen the ties between both the countries. Russia’s decision to send Iran S-300 missile systems was the latest signal yet that the growing acrimony between Moscow and Washington was not easing — even with a nuclear deal on the line. The S-300 sale was a preemptive strike of a different kind to ensure that Russia would not lose its best opportunity to enter the Iranian market before the potential lifting of international sanctions.
The potential Iranian nuclear deal holds billions of dollars of promise for investors eyeing the Iranian market. Even under sanctions, Iran’s economy ranks among the top 20 in the world — slightly smaller than Turkey’s, slightly bigger than Australia’s — according to data from the World Bank and the International Monetary Fund. If there’s a deal rolling back sanctions, competition for a piece of Iran’s promising petrochemical and raw materials manufacturing industries and large consumer market would likely follow.
The benefits to Russia are clear. True, if the oil-for-goods swap takes place, the global supply of oil would increase, putting downward pressure on prices, a negative for a major oil exporter such as Russia. For Putin, a shale crisis in the US is as desirable as it is for the rulers of Saudi Arabia and Iran. Besides, such a deal would build business ties between Iran and the Russian oil companies that would export its oil, a useful asset for when sanctions are lifted.
pakistan.shafaqna.com
