Weekly roundup

Articles and reports from the past week
“Companies feeling more pressure to cut Iran ties”

The New York Times reports that US efforts to pressure Western companies to isolate Iran are extending beyond banks and financial institutions and causing major manufacturers and service providers to reduce or end affiliations with Iran (New York Times). However, Simone Dinah Hartmann strongly criticizes Austria for cultivating its business ties with Iran and increasing exports by 6% in 2009, accusing Vienna of “appeasement” (Wall Street Journal).
Iran has passed new tax exemptions for foreign investment in its capital markets and raised its cap on foreign ownership of Iranian companies from 10% to 20% (Reuters, PressTV), and officials claim the Revolutionary Guard Corps has the technological know-how to replace foreign firms on major energy projects (Associated Press).

“Despite hard talk, Russia seeks to maintain Iran ties”
Foreign companies withdrawing from Iran include Russian’s Lukoil, which was involved in a major oil development project named Anaran, but Russian firms with fewer US ties, such as Gazprom, remain engaged in other development projects (Mianeh).
A Xinhua analysis argues that Russia is hardening its stance against Iran to facilitate improving ties with the US but remains unlikely to substantially cut ties with Iran (Xinhua). However, Iranian daily Tehran-e Emrooz speculates that Russia is now attempting to persuade Turkey to adopt an anti-Iran stance and support international sanctions (MEMRI).

Iranian economy’s biggest vulnerability: Iran (Middle East Channel)
Patrick Barry provides a detailed outline of systematic weaknesses in Iran’s economic infrastructure, arguing that the US should refrain from imposing sanctions and allow Iran’s economy to deteriorate of its own accord. Barry adds that Iran’s plan to achieve self-sufficiency in gasoline in 2 or 3 years will nullify the effects of sanctions targeting gasoline imports.

Iran strikes secret nuclear mining deal with Zimbabwe (Daily Telegraph)
The Telegraph reports that Iran has signed a secret deal with Zimbabwe to obtain access to the latter’s uranium deposits in exchange for supplying oil.

Iran’s opposition urges protests on anniversary of disputed election (The National)
Leaders of Iran’s opposition Green Movement are calling reformist groups to file official requests to hold rallies on June 12, the anniversary of last year’s controversial election.

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