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Free AccessSCO Approves Iranian Accession To Full Membership: Iran International
Jason Brodsky at Iran International tweets:
- "Iranian media is reporting the Shanghai Cooperation Organization (SCO) has approved Iran's accession as a member of the SCO, after holding observer status since 2005. This is a symbolic diplomatic victory for Tehran.
- This is because its long journey to become a member started when Iran was under UN sanctions, which was an obstacle to it acquiring full membership. Fast forward to today, the decision is based on Russia and China's support for the JCPOA, despite it being on life support.
- While the timing of the announcement is important for Raisi--and may create the impression that he achieved this diplomatic breakthrough for Iran--he is merely the beneficiary of a process started long before his tenure.
- Nevertheless, Khamenei and Raisi will try to claim Iran has now nullified sanctions. It fits broadly into their focus on the East. It's also more of an alignment than an alliance for Tehran, who will seek to use the membership to elevate its status on world stage."
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.