Expert explains how regional rivals prevent Iran from integrating to global economy

Expert explains how regional rivals prevent Iran from integrating to global economy

Baku, Azerbaijan, May 17

By Umid Niayesh - Trend:

Iran's Deputy Foreign Minister Abbas Araqchi has recently said that Israel and Saudi Arabia are trying to stop the Joint Comprehensive Plan of Action (JCPOA, aka nuclear deal), signed by Iran and the world powers, from bearing fruits, and accused them of using Iranophobia as an instrument to sabotage the deal's implementation.

In an interview with Trend regarding the issue, Mehrdad Emadi, a consultant at the UK-based Betamatrix International Consultancy, said the observations made by Araqchi highlight an important issue affecting the pace of return of Iran into the world trade and financial systems as an important economy freed from a multi-layered net of restrictions and exclusions.

Evidence suggest that since November 2015 there has been a visible rise in the efforts of both the Saudi leadership and the government of Israel to prevent a comprehensive return of Iran to the top table of the world's important economies, according to Emadi.

He said Saudi Arabia reportedly has utilized various instruments to create as many obstacles on the path of Iran as politically attainable.

Explaining the steps taken, Emadi said numerous contacts have been made by the Saudi officials in the EU, most notably in France, Italy, the UK, Austria, and additionally in Canada and the US, with the leading banks and oil companies warning them off that resumption of business links with Iran will be considered most unfavorably by the Kingdom since Riyadh believes that any enhancement in Iran's ability to access world's banking system and its sales of crude will only increase the ability of Iran to destabilize the Persian Gulf and the Middle East.

He said the Saudi officials in these contacts stated that they saw this as a direct threat to the security of the Kingdom.

"Furthermore, both Saudis and the government of Israel have repeatedly claimed that access to free banking will enable Iran to use the banking services to engage in new money laundering efforts to finance the military activities of its regional allies," added Emadi.

"Thence, the Saudi leadership has made it clear that it will reconsider the position of the Kingdom in continuing with the existing business deals, as well as with any future contracts with those banks and oil companies that ignore its warnings concerning Iran," he noted.

Parallel to these direct contacts, in the United States, Riyadh has been using its network of business contacts, members of the House of Representative and the Senate, senior Pentagon officials to magnify what the Kingdom's leadership labels as the "Iranian expansionist threat", according to Emadi.

In this context, according to Emadi, the Saudi-friendly media in the United States and Canada have embarked on a campaign of Iranophobic stories using the fictitious claims fabricated by some of the opposition groups to the Islamic Republic's leadership pertaining to a resumption of clandestine nuclear activities of Tehran toward the militarization of Iran's nuclear research and technology capabilities.

He said this facet of Saudi efforts in the United States and Canada has been implicitly coordinated with the efforts of the pro-Tel Avis lobby, who have increased their efforts to enflame the Iranophobia media cover as a means to nullify the recent US agreement with Iran through their efforts in the US Congress.

The expert also said the Saudi leadership with help and advice of some of the Israeli government allies in Washington and in some key US states, most notably New York, Texas, Nebraska, New Jersey and Florida, have been focusing on how doing business with Iran will result in them losing business ties with Saudi Arabia and Israel, and how this will affect certain states in terms of employment and revenues.

Emadi said the Saudis also warned those US states that Riyadh may not offer the same level of global and regional cooperation with the US government and businesses in important energy and arms agreements if the involved American businesses do not lend their support and use their political clout to prevent Iran from using international banking system and dollar-based transactions.

"It is claimed that Saudis have even mentioned the possibility of selling off some of their dollar-denominated assets and bonds should Washington continue its partial rapprochement with Iran," added Emadi.

"Interestingly all the three facets of the Saudi efforts and instruments used to achieve the intended outcome have rightly put the emphasis on using the influence of Saudis in the US to apply the added pressure on the leading EU banks, as well as some of the global institutions," he said.

Emadi further said that so far the tangible result of this multi-faceted campaign has been to increase the trepidation and fear of reprisals by the oil-rich Arab countries amongst the EU banks.

"However, in recent weeks the Iranophobia campaign of the Riyadh-Tel Aviv alliance has been losing some of its traction in the EU mainly due to a constructive and proactive approach of Iran's Foreign Ministry that has been emphasizing on the improvement on the level of financial transparency of Iranian banking system and the welcoming changes in the regulations concerning European partnerships in the economy," he noted.

Notably, the governor of Iran's Central Bank Valiollah Seif has been made aware about the significance of such measures to allay the fears of banks in Europe, as well as about the effectiveness of enhanced financial transparency as a means to undermine the Iranophobia efforts of Riyadh and Tel Aviv, said Emadi.


Follow the author on Twitter: @UmidNiayesh

Iran boosts pickup manufacturing
Iran boosts pickup manufacturing
Iran assigns lands to develop Pardis Technology Park
Iran assigns lands to develop Pardis Technology Park
Will Iran export water?
Will Iran export water?
Loading Bars
Israeli cabinet approves Bahrain normalization accord
Iran boosts pickup manufacturing
Azerbaijan confirms 228 more COVID-19 recoveries
Liberation of Azerbaijani lands from occupation - gratifying – Iranian General
Canadian Azerbaijanis protest against Armenian attacks on Ganja (PHOTOS)
US too knows Armenia is terrorist state, MP
Military uniform price in Armenia increase
Russia’s coronavirus case tally exceeds 1.5 mln
Azerbaijani army destroying military equipment, in background of which Pashinyan took selfie (PHOTO)
554 streets disinfected in Baku (PHOTOS)
Footage about Armenia's missile attack on Ganja prepared (VIDEO)
Funeral service for 13-year-old Arthur, who died due to Armenian terror, being held in church in Ganja (PHOTOS)
Iran assigns lands to develop Pardis Technology Park
Will Iran export water?
Iran to increase in detergents and sanitizers price
Iran reveals its COVID-19 data for October 25
US Azerbaijanis hold protest in San Francisco against Armenian terror (PHOTOS)
Azerbaijani army heroically fighting for liberation of native lands from Armenian occupation (VIDEO)
Names of foreign mercenaries fighting in Karabakh within Armenian army revealed
Armenia must be held accountable for using children in battles, Azerbaijani expert
Azerbaijan announces recent statistics on COVID-19 cases across country
Armenian doctor who issued fake COVID-19 certificates to evade conscription arrested
Iran’s CBI announces volume of funds allocated for imports of essential products
Assistant to Azerbaijani president gives interview to leading Egyptian newspaper Al Ahram
Footage from Azerbaijani Gubadli region liberated from occupation unveiled (VIDEO)
Armenian military attacks against Azerbaijan along bordering regions - acts of aggression as enshrined in UN Charter, says Azerbaijani top official
Armenian Armed Forces shelling Azerbaijani Aghdam, Tartar and Agjabedi regions - MoD
Azerbaijani president's aide comments on French delegation's visit to Armenia
Volume of loans attracted for purchase of agricultural machinery in Iran revealed
Azerbaijan Army uses precision weapons against Armenian Armed Forces (VIDEO)
Iranian gov't to impose strict limitations to fight COVID-19
Production of home appliances in Iran increases
Export of agricultural products from Iran's Kurdistan region increases
Georgia reports 1 928 new coronavirus cases, 604 recoveries
President Ilham Aliyev gave interview to US Fox News TV channel (PHOTO)
Iran strongly condemns disrespect for Prophet of Islam in France
Iran unveils amount of loans issued to services sector
Bahar Azadi gold coin price falling in Iran
Statement made following investigation of Armenia's shelling of civilians in Azerbaijan
Azerbaijan close to military victory in Nagorno-Karabakh conflict - Russian analyst
Armenia's hopes that Russia to help it fight against Azerbaijan doomed to fail - expert
New refrigeration unit commissioned in Georgia
U.S. Vice President Pence's chief of staff tests positive for COVID-19
Azerbaijan forces Armenian troops to retreat in Gubadli direction - MoD
Significant amount of Armenian Armed Forces’ manpower, equipment destroyed - MoD
Azerbaijani troops advance new positions in Khojavend, Gubadli, Lachin directions of front
Over 150 new COVID-19 cases reported in Kazakhstan
Volume of loans issued to trade sector in Iran disclosed
WHO reports record increase in confirmed COVID-19 cases of over 465,000 in 24 hours
Samsung chief Lee dies
5.4-magnitude quake hits 74 km off Kawalu, Indonesia
Turkey reports 2,091 COVID-19 patients
Yemen's Houthis targeted two airports and a base in Saudi Arabia
Brazil reports another 432 COVID-19 deaths
Moscow's death toll from confirmed COVID-19 cases rises by 68
Afghan forces kill senior al Qaeda leader al-Masri who was on FBI most wanted list
UK records another 23,012 coronavirus cases with 174 deaths
Helpless on battlefield Armenia spreads false, provocative information - Azerbaijani MoD
Hikmet Hajiyev: Using children under 15 as soldiers is a war crime
8 killed, 4 injured in road accident in Pakistan's Punjab province
Necessary conditions will be created to extradite Armenian prisoners of war and civilians to third countries - MoD
Armenian army's combat equipment destroyed (VIDEO)
Azerbaijan's Defense Ministry calls on civilians in occupied territories to stay away from military facilities
Ministry of Defense: Armenian Armed Forces resort to provocations to prevent operations of Azerbaijani army
Iran declares amount of loans issued to housing & construction sector
Armenia continues to use underage children in military hostilities (VIDEO)
Photo of another missile launched by Armenia against Azerbaijan unveiled (PHOTO)
President Ilham Aliyev on political objectives of Armenian military attack on Azerbaijan
In center of Baku, there is Armenian church, but mosques on occupied territories were destroyed - President Aliyev
With Georgia our relations are excellent, says Azerbaijani president
Armenian government should not try to frighten its population with Turkey - President Aliyev
And after war with Armenia stops, political settlement enforced, role of Turkey will be very important, very positive - President Aliyev
Wounds of war must be healed by political wisdom, by political will - President Aliyev
Armenian government should understand that they are not now in position to dictate - President Aliyev
Best way for future of Karabakh - to live in peace in harmony, try to become good neighbors again, says President Aliyev
Unlike Armenia, from Russia we buy weapons, we pay for them, says Azerbaijani president
Turkey is not involved in the conflict at all - Azerbaijani president
If Armenia didn’t violate ceasefire today clashes would have stopped - President Aliyev
We cleaned completely the Azerbaijani-Iranian border from Armenian occupants, and there will be no more inconvenience for our brothers across river of Araz in Iran - President Aliyev
If Armenia do not stop, we will go until end to liberate all occupied territories - Azerbaijani president
Azerbaijan became already regional hub for not only for energy, but also for transportation - President Aliyev
Armenia - occupier, obliged to liberate territories of Azerbaijan - Lebanese political scientist
Loans of dead servicemen and persons affected by hostilities to be repaid in Azerbaijan
Recep Tayyip Erdogan: Azerbaijan begins to return its lands
Azerbaijani army liberates occupied lands with great inspiration (VIDEO)
Religious confessions of Azerbaijan demonstrate solidarity in fight against Armenian terror (VIDEO)
65 Azerbaijani civilians, including women, children, killed since beginning of Armenian provocation - Prosecutor General's Office
State-controlled international television and radio network Voice of America apologizes for its mistake (PHOTOS)
Russian Embassy in contact with family of teenager who died as result of Armenian shelling
Artillery units of Armed Forces of Azerbaijan continue to inflict crushing blows on Armed Forces of Armenia (VIDEO)
Azerbaijani flag to be raised in Shusha, Agdere and other lands - MoD
Armenia gives updated list of its soldiers killed in Nagorno-Karabakh conflict zone
Weekly overview of Azerbaijan's financial market
Attacks by Armenia on territory of Azerbaijan - another act of military aggression, says Azerbaijani top official
Teenagers honor memory of Russian citizen who died as result of Ganja shelling by Armenian Armed Forces (PHOTO)
Iran discloses amount of loans issued to industrial and mining sectors
Iran reveals amount of loans issued to agricultural sector
Buy/sell operations at Iran Mercantile Exchange decrease
Iranian Energy Exchange announces products to be on sale October 26
Armenian army’s another combat UAV destroyed by Azerbaijan
All news