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The message from the IRGC and the Iranian Government is clear: we won’t rely on foreign deals that could soon be rescinded (some already have been!)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

Iran’s Regime Sentences Singer Toomaj Salehi to Death

Amir Reisian, Toomaj Salehi’s lawyer, says the so-called “Revolutionary Court” in an "unprecedented" move has sentenced this dissident singer...

Iran Faces Severe Medicine Shortage and Lack of Government Funding

The Health and Treatment Commission of Iranian regime’s Majlis (parliament) recently released a report highlighting the dire situation of...

U.S. House of Representatives and Senate Approve Measures Targeting Iran’s Regime

In a resolute move showcasing bipartisan unity towards addressing the Iranian regime's actions, the United States House of Representatives...

Grossi: Iran Weeks Away from Having Enough Enriched Uranium for Atomic Bomb

Rafael Grossi, the Director General of the International Atomic Energy Agency (IAEA), has stated that Iran is just weeks...

In the past two years, 8 million people added to Iran’s poor population

According to information analyzed by the state-run Etemad newspaper regarding poverty rate data, a 10% increase in the poverty...

Iran: 9 Prisoners Executed in One Day

The Iranian regime executed five prisoners in Kerman prison and two prisoners in Chabahar prison on April 21. At...

Must read

Egypt suspends commercial flights from Iran after protests

Reuters: Egypt has halted commercial flights from Shi'ite power...

Iran town’s jail has 30 prisoners on death row

Iran Focus: Tehran, Iran, Aug. 24 – There are...

You might also likeRELATED
Recommended to you