Iran Economy NewsThe Truth About Iran’s Resistance Economy

The Truth About Iran’s Resistance Economy

-

The truth about Iran’s resistance economy

Iran Focus

London, 11 May – A high-ranking member of the Iranian Revolutionary Guards Corps’ (IRGC) main engineering arm has claimed that they will complete 40 large projects in the next 12 months in industries like oil, gas, water management, road/railway construction, and information technology.

General Ebadollah Abdollahi, the commander of Khatam al-Anbia Construction Base, said that the 10 projects that they will undertake for the Oil Ministry alone will raise them $22 billion.

The main project will be the Persian Gulf Star oil refinery, which Abdollahi claims will meet 50% of Iran’s overall gasoline need.

Resistance economy

Abdollahi made these comments at a ‘resistance economy’ meeting in Lorestan, Iran. It should be noted that Iran uses this term to emphasise policies that make Iran self-sufficient, which, considering the huge amount of US sanctions that will soon be imposed on the country following Trump’s withdrawal from the Iran nuclear deal, will be the only way that the Government can even begin to survive.

The message from the IRGC and the Iranian Government is clear: we won’t rely on foreign deals that could soon be rescinded (some already have been!) and instead we’ll put more power in the hands of the mullahs.

Supreme Leader Ali Khamenei first issued a decree outlining policies to reduce imports and otherwise cut themselves off from foreign trade, in 2014. That was the last time that international sanctions against the Government seriously crippled them.

To be clear, this is not some powerful message of self-reliance, but instead the actions of a Government that wants to cut ties with the rest of the world, unless they can control it.

Another important thing to note is that the Iranian Government can’t really increase or even maintain its imports when under the strict sanctions that the US will soon impose. Thus, they have no choice but to look internally. This resistance economy meeting may have taken place before Trump withdrew, but anyone could see that the tables were turning. There was no reason to expect that Trump would stay in the flawed deal.

The IRGC support the resistance economy because they benefit so much from it. As a shadowy state body that dominates the military and the economy, they can use any money stolen from the public purse to pursue their malign military adventures across the middle east and against the Iranian people.

Several of the IRGC’s front companies, including Khatam al-Anbia, were sanctioned by the US Treasury Department in 2007 to try and stop their support for terrorism and nuclear proliferation. In 2010, the Treasury went further and sanctions the company’s commander, General Rostam Ghassemi.

Earlier this year, the IRGC was reportedly ordered to end its growing business interests, but this has not come to pass. In fact, it has only grown.

Latest news

How Do the Children of Iranian Regime Officials Manage Smuggled Wealth?

Sky News published a report on April 19 about the children of Iran's ruling elites, who are known as...

The Collapse of Livelihoods in Tehran; Housing Rent Has ‌Become a Nightmare

An examination of rental listings in Tehran’s Districts 4 and 5 shows that the average asking rates in April...

Iran’s ‘No To Executions Tuesdays’ Campaign Marks 117th Week

On Tuesday, April 21, the "No to Executions Tuesdays" campaign entered its 117th week. On this occasion, prisoners participating...

The Naval Blockade And the Structural Fracture of Iran’s Economy

The blockade of the Strait of Hormuz has now become one of the most decisive variables in Iran’s political...

Iran’s Regime Moves to Seize Assets of Dissidents

Iran's regime has once again revealed its true nature in the form of an overt state-backed theft; this time...

Execution of PMOI Members Hamed Validi and Nima Shahi in Tehran

In the early hours of Monday, April 20, Hamed Validi and Mohammad (Nima) Massoum Shahi, two members of the...

Must read

Workers blockade main road in southwest Iran town

Iran Focus: Tehran, Iran, Sep. 08 – Some 300...

Policy-group outlines U.S. options on Iran in Capitol Hill session

Iran Focus: Washington, Apr. 07 – A leading Iran-policy...

You might also likeRELATED
Recommended to you