New York Times reports state-backed properties only beneficiaries of recent European contracts

In a recent report, the New York Times determined that the only Iranian companies that will benefit from recent European contracts are those that have ties with the state, like the Islamic Revolutionary Guards Corp.

As Iran’s European economic tour ends, the New York Times reported a pattern among deals made by Iranian President Hassan Rouhani two weeks ago – specifically that all of the proposed European deals were with Iranian state-supported conglomerates. These conglomerates are controlled by investment companies and pension funds that are directly linked to state organizations and are companies that dominate major industrial and commercial markets of the Iranian economy. Per the Times, this results in “little to nothing” trickling down to the lowest levels of the Iranian private sector. The Times also notes that since their sanctions have been lifted, Iran’s national currency – the rial – hasn’t budged in value.

The National Council of Resistance of Iran reported on January 17 2016 that over 50% of Iran’s GDP is controlled by 14 corporations, all of which are affiliated with the military or security, both of which are controlled by Supreme Leader Ali Khamenei. The NCRI warned that lifting economic sanctions would continue to empower state-supported oppression and that it would not bolster the economic conditions of the Iranian people.

The report can be found here:


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