Iran: Were Expectations of Sanctions Relief Too High?


The July 2015 Vienna Agreement and its implementation in January 2016 raised hopes in Iran that there would be an immediate influx of foreign investment which, along with higher oil revenues following the lifting of the EU embargo on oil imports, would soon enable it to emerge from economic crisis. 

The sanctions were certainly the main reason for the dramatic economic slowdown characterized by negative GDP growth rates before the Vienna talks (2012-2013). More. 

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