Removal of Irans sanctions unlikely to affect Russia’s interests, researcher says

The European Union’s top diplomat Josep Borrell stated on August 22 that the US could be expected to respond to European and Iranian proposals later in the week, Vedomosti writes.

The odds are quite high that the Iran nuclear deal will be restored because many countries, primarily the United States, are interested in that, Director General of the Center for the Study of Contemporary Iran Rajab Safarov noted. The US currently seeks to achieve the major goal of weakening Russia’s capacities on the global stage, and it views Russian-Iranian rapprochement as a huge threat.
It is unclear whether the US Republican Party will take advantage of the revival of the Iran nuclear deal to attack the Democratic administration in Washington, said Alexey Davydov, a researcher with the Center for North American Studies at the Russian Academy of Sciences’ Institute of World Economy and International Relations. At the same time, if sanctions aren’t lifted this time, it’s hard to say if they will ever be removed, the expert added.
In the event the sanctions are lifted, Iran’s daily oil production may reach 3-3.5 mln barrels, and exports may grow to 1-1.5 mln barrels per day, Commodity Market Analyst at Otkritie Investment Oksana Lukicheva specified.
It will not significantly impact Russian oil exports because Europe is looking forward to getting access to Iranian oil, and those supplies will not overlap with Russia’s, particularly given Europe’s plans to abandon Russian oil and petroleum products in 2023.

Removal of Iran's sanctions unlikely to affect Russia’s interests, researcher says

The European Union’s top diplomat Josep Borrell stated on August 22 that the US could be expected to respond to European and Iranian proposals later in the week, Vedomosti writes.