Mohsen Tavakol

  • INSTEX: More About Politics Than Economics?

    Ever since the US withdrawal from the Iran nuclear deal in May 2018, the European Union (EU) has emphasized its sovereignty regarding both commercial and political relations with Iran, insisting that it could continue trade under the framework of the 2015 Joint Comprehensive Plan of Action (JCPOA). Despite that, trade has cratered and a mechanism—the Instrument for Supporting Trade Exchanges (INSTEX)—expressly created to keep up commercial ties has not yet been implemented.

    When INSTEX was announced on January 31, Per Fischer, the former head of financial institutions at Commerzbank, was appointed as its president. The INSTEX supervisory board includes Simon McDonald, the UK Permanent...

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  • Iran’s Private Sector: Stuck in the Middle

    The Iranian economy and population are every day feeling the painful effects of US-driven financial pressure aimed at blocking any kind of economic interaction between foreign and Iranian banks and businesses.

    The sanctions’ political aim is to make it harder for the Iranian government to govern and reach its political, military and economic ambitions. But in reality, the sanctions do more harm to the already struggling private sector, which employs a large part of the Iranian workforce, and consequently to average Iranians.

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