Iran already has signaled that it plans to do more business with Russia now that the crippling Western sanctions have been lifted from its economy. Iran has also made it clear that it will reach even farther east by moving to a strategic partnership with China, including increasing bilateral trade with Beijing to $600 billion over the next 10 years.
Certainly Iran will resume its business ties with some Western concerns, but Iran’s supreme leader, Ayatollah Ali Khamenei, told visiting Chinese President Xi Jinping in Tehran on Saturday that Iranians don’t trust the West and would prefer to pursue closer relations with “independent and trustworthy countries” such as China.
“Westerners have never been able to win the Iranian nation’s trust,” Khamenei told Xi, even though the six world powers that negotiated an agreement to lift the sanctions imposed on Iran included the leading Western powers Britain, France, Germany and the United States, as well as Russia and China.
Khamenei has said he feels no sense of gratitude to these countries. “If the bully of the neighborhood breaks into your house to take your properties away by force, and you try hard to finally kick him out of your house, is this a favor by him or an outcome of your power?” he’s quoted as saying on his website.
Full article: China Deal Shows Iran Tilting East, Not West (OilPrice)