Economy

Reports from Vienna suggest that Iran and the world powers are close to agreeing on restoring the Iran Nuclear Deal. For a moment it appeared that the negotiations were going to get entangled in the current Ukraine crisis, but it appears that Iran has dissuaded Russia from doing so. In this op-ed for commonspace.eu Benyamin Poghosyan says a deal would be good for neighbouring countries like Armenia who are keen to exploit trade opportunities with Iran.

African economies are particularly vulnerable to the impacts of war in Ukraine, says IMF Chief Kristalina Georgieva. The remarks come two weeks after the Russian invasion of Ukraine sent financial markets into steady decline, leaving African economies with high food and fuel prices. “The war and the unprecedented sanctions imposed on Russia are having far-reaching consequences. They come at a delicate time for Africa.”, she stated at a closed virtual press briefing on Thursday.