Russia has become the largest foreign investor in Iran, according to an Iranian deputy finance minister who says the country has attracted a significant amount of foreign investment in the past 15 months despite US sanctions that ban countries and entities from engaging in business activity in Iran.
Ali Fekri, who leads the Organization for Investment & Economic and Technical Assistance of Iran, said the Russians had brought some $2.7 billion worth of investment to two petroleum projects in Iran in the past 15 months.
The figure accounts for some 45% of the total foreign investment attracted by Iran over the period, said Fekri.
The official added, however, that Iran was not happy with the amount of investment committed by China for economic and energy projects in Iran in the 15 months to the end of 2022.
“China has invested nearly $185 million in Iran over that period which we are not happy with given the amount of negotiations and meetings we had,” he said.
Fekri said Iran had set a target of $10.2 billion in direct foreign investment for the 15 months to December last year of which some $5.95 billion had entered the country.
He said the figure was much higher than investments that had been attracted by Iran in years that followed the signing of a nuclear agreement between the country and world powers in 2015.
The rise in foreign investment in Iran comes as the country is still under an American regime of sanctions that has banned any investment in Iranian economic and energy projects since 2018.
https://www.presstv.ir/Detail/2023/01/28/697147/Iran-foreign-investment-Russia-figures
The Islamic Revolution Guards Corps (IRGC) warns the enemies that any act of aggression against the Islamic Republic will not go unanswered.
In a statement on Thursday, the IRGC issued a “stern warning” to the enemies after US forces launched strikes against the southern Iranian port city of Bandar Abbas.
Following the US military attack on a point on the outskirts of Bandar Abbas Airport with aerial projectiles, the IRGC carried out new strikes targeting the US air base from which the attack originated in the wee hours of Thursday, it added.
“This response is a serious warning to the enemy that they should know the act of aggression will not go unanswered,” the IRGC emphasized.
The elite military force warned of a “more decisive” response if the enemy repeated any act of aggression.
It also said the responsibility for the consequences of any IRGC response lies with the aggressor.
The statement comes after the IRGC Navy on Thursday forced an American tanker to turn back. The tanker ...
Volker Turk has warned that efforts to advance reparatory justice are facing resistance in “certain quarters,” and urged countries to back Africa’s push.
Reparatory justice for historical crimes, including colonialism, enslavement, and the trade in enslaved Africans, is crucial to dismantling systemic racism, UN High Commissioner for Human Rights Volker Turk has said.
Speaking at the UN Permanent Forum on People of African Descent on Tuesday, Turk linked present-day discrimination against people from the continent to the enduring legacy of colonialism and enslavement.
”Racism and dehumanizing rhetoric continue to permeate public institutions, communities, and online platforms,” he said, according to the UN Press Service. Turk noted that “digital technologies, including AI, are reproducing and amplifying existing biases against people of African descent.”
The remarks come weeks after the UN General Assembly adopted a resolution declaring the transatlantic slave trade “the gravest...
The US VP had to defend President Trump’s Gaza policy at a rally on a Georgia college campus.
US Vice President J.D. Vance was forced to defend Washington’s policy in Gaza after he was booed and heckled at a key MAGA event on Wednesday.
Co-founded by the late Charlie Kirk, Turning Point USA (TPUSA) is a conservative student group that has long been seen as a strong support base of President Donald Trump’s MAGA movement but is now showing apparent cracks.
Less than 15 minutes into a TPUSA event at the University of Georgia on Wednesday, Vance was interrupted by hecklers over US policy in Gaza, with one audience member shouting, “Jesus Christ does not support genocide!” As he attempted to respond, others shouted, “You’re killing children!” and “You’re bombing children!”
Vance replied by referring to Trump’s achievements as president, including securing a fragile ceasefire in Gaza, something he said the previous administration of Joe Biden failed to do.
“I ...
