Iran’s President Ebrahim Raisi is set to meet Chinese President Xi Jinping and Russian President Vladimir Putin in Uzbekistan on Thursday.
Iran's bid to become a member of the SCO doesn't necessarily indicate Tehran will enjoy a smooth economic relationship with China, Ali Ahmadi, an executive fellow at the Geneva Center for Security Policy, told CNBC Tuesday.
"In order for that relationship to grow, you need sanctions relief, because a lot of companies, even state-owned enterprises in China… don't have the appetite for sanctions risks," Ahmadi said.U.S. sanctions will make Chinese companies think twice about dealings with Iran, especially if the firms are very dependent on the West, Djavad Salehi Isfahani, an economics professor at Virginia Tech, told CNBC.
However, sanctions may benefit more risk-tolerant consumers, said Behnam Taleblu, senior fellow of the Foundation for Defense of Democracies.opportunities for risk-tolerant traders, while smugglers may find creative ways to generate revenue, according to Taleblu.Iran recently started to actively pivot towards the East. Before the U.S.
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