Top Iranian official hails global de-dollarization bids

Iran’s top security official has hailed measures taken by independent countries to remove the dollar from their transactions, saying the trend will eventually “minimize” Western dominance over the world economy.

Secretary of Iran’s Supreme National Security Council (SNSC), Ali Shamkhani made the remarks during a meeting with the Russian President’s Special Aide Igor Levitin, who is on a two-day visit to Tehran.

“The path initiated to reduce the influence of the dollar in regional and international transactions, which many countries are joining, will minimize Western dominance over the world economy,” he further noted.

During his last trip to Iran in January, Levitin visited a railway project in northern Iran, for which Iran is seeking Russia’s financial support. The Rasht-Astara railway is estimated to cost 800 million euros.

During their Sunday meeting, Shamkhani argued that the finalized initiatives between Tehran and Moscow, which aim to finance joint projects, count as an “effective model” in the field of thwarting illegal Western sanctions targeting both countries.

He expressed satisfaction with the increase in the level and volume of economic cooperation between the two countries and highlighted the need to adopt short-cut solutions to speed up the implementation of joint economic projects.

Levitin, for his part, presented a report on the latest developments concerning bilateral commercial and banking relations as well as joint economic projects.

He added that Moscow underscores the implementation of joint plans and projects as soon as possible, especially in the field of transit, and is ready to invest in various economic sectors of Iran, including steel, oil and petrochemicals.

News ID 195122


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