Tehran, IRNA – The West has been facing severe economic hardships for the past six months following the decline of Russia’s energy export to Europe, while the Europeans along with the United States have been imposing cruel and all-out sanctions on the Islamic Republic of Iran for more than four decades.
Following the victory of the Islamic Revolution in 1979, the US and its European allies started imposing the harshest sanctions on Iran based on vain excuses. They sanctioned Iran’s financial and banking systems, insurance, energy, petrochemical, shipping, gold, software, car, airplane, foodstuff, carpet, metal, mineral, engineering, textile and other industries in the long period.
Even when the Iranians have been fighting the COVID-19 pandemic, the Trump administration, which alleged they exempted sanctions of humanitarian exports, did not allow Iran to have access to vaccines.
The Biden administration vowed to return to the 2015 nuclear deal and lift anti-Iran sanctions, but the White House kept on using the so-called maximum pressure on the Iranians; so, such a madness to impose sanctions on Iran has not yet declined after more than four decades.
However, the administrations of Joe Biden and his predecessor Donald Trump have some differences in utilization of the sanction policy, the new administration in the White House sees sanctions as a tool to squeeze concessions from Iran, but the Trump administration considered embargo as an objective.
The long-term sanctions could not push back Tehran to accept the West’s demands, but the Iranians succeeded in playing key role in different scientific, medical, military, nano and bio fields. Iran is on the verge of membership in the BRICS and full membership in the Shanghai Cooperation Organization (SCO).
Aftermath of energy crisis
The European authorities have never thought that crisis in Ukraine, which is not a member state of the European Union or even NATO, could affect the European and American economic situation at that much.
But the energy prices hiked in the recent months and different media outlets have warned about fall and winter in Europe, warning that the worst situation is still on the way.
The inflation rates in Britain and the US have reached the highest for 40 years, which have their roots in fuel crisis.
Electricity prices in Germany, which is a benchmark in Europe, have surged 700 euros per megawatt hour for the first time. Gas prices in Europe soared to 341 euros per cubic meter.
According to German media, the impacts of Russian energy shocks on Germany caused a significant decline in industrial productions of the European country. Glass, steel, ceramic and stone, food and beverages, chemical, textile and leather, plastic, basic metals as well as car and spare parts industries witnessed 47.8%, 34%, 32.5%, 32%, 31.4%, 31%, 26.7%, 20.4% and 17.5% decreases respectively within last six months.
The consequences of sanctions on Iran are obvious and now it is time for Europe to experience the backlash of imposing embargo on Russia; thus, the Europeans and other nations have the opportunity to feel the bite of cruel sanctions.
Source: Islamic Republic News Agency – IRNA
