Iran leverages Shanghai Summit to bypass US sanctions
The article discusses the role of the Shanghai Cooperation Organization summit in assisting Iran to face American sanctions, especially after Washington announced the "Economic Pariah" operation aimed at cutting off all means for Iran to use its oil revenues. The analysis focuses on Iran's ability to transform its membership in the organization into practical tools to mitigate the effects of sanctions, through diversifying trading partners and improving the financial exchange system via institutions such as the Development Bank and financial platforms denominated in national currencies. The report highlights that Iran's success is not solely measured by oil sales, but also by its ability to transfer exports, collect funds, and use revenues domestically with minimal cost and risk, while strengthening trade networks with China, Russia, and India. It emphasizes turning these relationships into a multi-channel infrastructure that reduces reliance on Western companies and banks.
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