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IRGC Set to Gain from Iran Sanctions Relief Deal
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A potential sanctions relief deal between the U.S. and Iran could significantly benefit the Islamic Revolutionary Guard Corps (IRGC). The IRGC, a powerful entity in Iran's economy, is expected to capture a large share of the economic gains from increased oil exports and foreign investments. The interim agreement allows waivers for sanctioned Iranian oil sales, with discussions ongoing for a broader deal that may unlock a $300 billion reconstruction fund. The IRGC has built a vast commercial presence over the years, controlling key sectors such as energy, construction, and telecommunications. This economic influence was expanded during previous sanctions, positioning the IRGC to maintain a stronghold even if broader sanctions remain. Legal experts warn that foreign companies may face compliance risks due to the IRGC's continued designation as a terrorist organization. The situation remains fluid as negotiations continue.
Key Points: • The IRGC is poised to benefit significantly from any sanctions relief under a U.S.-Iran deal. • An interim agreement allows waivers for Iranian oil sales, potentially increasing IRGC's economic power. • Foreign companies may face compliance risks due to the IRGC's status as a terrorist organization.