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At the 25th Summit of the Shanghai Cooperation Organization (SCO) in Tianjin, Masoud Pezeshkian from Iran stressed the need for enhanced financial cooperation among member nations to counteract illegal sanctions. He proposed strengthening the ‘Special Accounts and Settlements’ initiative, focusing on three pillars: expanding settlements in national currencies, launching joint digital infrastructures using central bank digital currencies (CBDCs), and creating a multilateral currency swap fund. Pezeshkian also emphasized the establishment of a peacebuilding committee to address regional crises. He expressed Iran’s commitment to supporting initiatives that foster economic resilience and collective security within the SCO framework.
In a recent interview, Seyed Abbas Araghchi addressed the Gaza situation, affirming Iran’s commitment to humanitarian concerns and supporting ceasefire efforts to stop genocide. He expressed skepticism towards the Zionist regime, warning against potential deceptions and emphasizing that Iran’s stance is realistic, not moderate. Araghchi clarified there are no negotiations with the US beyond nuclear discussions and criticized the Abraham Accords as incompatible with Islamic values. He highlighted the need for mutual respect in future proposals and reiterated that Iran would evaluate any fair offers while maintaining its enrichment rights. Overall, his comments reflect Iran’s firm geopolitical stance amid ongoing tensions.
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In a significant address, Ayatollah Seyyed Ali Khamenei recognized the private sector’s advancements in Iran despite years of US-led sanctions impacting the economy. Speaking to manufacturers and economic leaders, he emphasized the need to publicize these achievements, following his visit to the Pioneers of Progress exhibition. Khamenei highlighted the importance of utilizing Iran’s BRICS membership to reduce reliance on the dollar, advocating for a financial system that allows transactions in member countries’ national currencies. He urged nations under sanctions to leverage their resources to mitigate economic pressures, reflecting optimism in self-reliance and international cooperation.
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Leila Ramazannejad, an international law expert, discusses the implications of the U.S. veto power in the UN Security Council amid the humanitarian crisis in Gaza. She argues that repeated vetoes hinder the Council’s effectiveness and legitimacy, leading to “institutional paralysis.” While the veto is legally legitimate, it undermines the spirit of the UN Charter, which aims to maintain international peace. Ramazannejad suggests reforms to the veto system and highlights alternative mechanisms like the UN General Assembly and regional organizations for accountability. The enforcement of ICC arrest warrants faces challenges due to political dynamics and the lack of an enforcement body, complicating justice efforts.