| ID | 189843 |
| Title Proper | Iran’s Economy under Sanctions |
| Other Title Information | Two Levels of Impact |
| Language | ENG |
| Author | Kozhanov, Nikolay A. |
| Summary / Abstract (Note) | Iran’s economy has lived under sanctions for the last forty years. Yet their
pressure has been uneven: the most sensitive measures were applied against
Iran by the U.S. and its partners in 2010–2015 and in 2018–2022. However,
despite gloomy expectations of grave consequences for Iran’s economy,
it has managed to survive: it has been damaged but not shattered. The
Iranian government has succeeded in securing control over the domestic
political situation. Even though Tehran has been unsuccessful in completely
offsetting the negative impact of the sanctions, it has mitigated their effect
in the short term and won time necessary for devising a long-term program
of anti-sanctions measures. This article analyzes the impact of sanctions on
Iran’s economy with a special focus placed on the factors that determined
their partial success/failure. The paper also analyzes the lessons Iran could
draw from its experience in resisting U.S. sanctions that may be helpful
in counterbalancing the short- and long-term impact of the current U.S.
pressure on the country’s economy. |
| `In' analytical Note | Russia in Global Affairs Vol. 20, No.4; Oct-Dec 2022: p.120-140 |
| Journal Source | Russia in Global Affairs Vol: 20 No 4 |
| Key Words | Sanctions ; IRA ; JCPOA ; Iran’s Economy ; Nuclear Agreement. |