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Effective Financial Mechanisms Can Help Iran, Russia Bypass Sanctions

Effective Financial Mechanisms Can Help Iran, Russia Bypass Sanctions Effective Financial Mechanisms Can Help Iran, Russia Bypass Sanctions

Tehran and Moscow can devise effective financial mechanisms to circumvent US sanctions, says a political analyst, who argues that Iran can become a major transit hub  for Russian oil and gas exports to Asia. 
“Iran and Russia are subject to sanctions by the United States and Europe and can get around many of the sanctions and strengthen the [Russian] ruble and the [Iranian] rial by developing banking and financial mechanisms,” Sabah Zanganeh told ISNA in remarks published on Sunday.  
He was referring to the renewed US sanctions against Tehran over its nuclear program and international sanctions against Russia’s economy, including its energy sector, for its 2014 annexation of Crimea from Ukraine. 

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