Huffington Post: "Iran has every chance of ousting Saudi Arabia"

The US financial and economic publication Forbes writes that the Russian economy is coping very successfully with the low oil prices. Despite the fact that the West expects the collapse of Russia, in fact the state is very successfully regulating the internal economic situation, partly due to the fact that the exchange rate has been adjusting to the oil prices since 2014. If the oil prices fall below $30 per barrel, and such a value will last a long time, only then will Russia face a recession.

In spite of the sanctions imposed and the instability of the global energy market, Moscow manages to balance the current budget and adjust spending according to the trends of the global economic market. Analysts believe that the sanctions have helped many Russian companies to become more self-reliant and to strengthen their positions in the domestic market, thereby making a significant contribution to the Russian economy. The Kremlin is not afraid of the threats to financial stability, because the government has some room to maneuver, as well as the reserve currency fund, which will be available in the event of an emergency.

If oil prices rise to $40 per barrel the ruble will be strengthened, taking the inflationary pressures, which will allow the Central Bank to reduce interest rates, which in turn will facilitate a series of financial problems in Russia. In addition, the population of the Russian Federation trusts the country's leadership, the citizens are consolidated and have quite a reserved attitude to the threat of a further economic crisis.

The preparation of anti-crisis programs also plays in favor of the regulation of the Russian economy. Additional subsidies to the weak sectors of industry will be able to provide consistent growth of economic indicators. Proper management of financial assets, as well as the ability of the Russian leadership to restrain panic and not to make the situation more acute – all this speaks in favor of the fact that the state is able to get through the crisis with minimal losses.

The US publication Huffington Post writes about what the world economy expects after the return of Iran. There are two simple questions related to Iran, which are extremely difficult to answer. First, is Iran ready to return to the global economy? And the second, no less important, is the world ready for the return of Iran?

According to the rating agency Moody's, in the financial and infrastructure plan, Iran may return to the world economic arena. In addition, the Republic has significant potential for economic growth. Recent structural reforms have enabled Iran to strengthen its financial foundation. Iran's economy is the second-largest economy in the Middle East. That is, Iran has every chance of ousting Saudi Arabia due to its diversified economic policy.

Another important indication that Tehran will take its rightful place in the world is that the capital and financial accounts of the Republic remain resistant to external shocks. Unlike many emerging market economies that have suffered from the tightening of the US Federal Reserve, the volatility of the financial flows of Iran are considered insignificant according to the assessment of the same Moody's.

The international community, for its part, is looking forward to a full return of Iran to the world economy. Despite concerns about whether the Republic is fulfilling its obligations under the nuclear agreement, the European and American companies are ready to invest in Iran's infrastructure. However, first of all, Iran must adapt to the reality of low oil revenues, as well as ensure structural reforms much earlier than other oil exporters, which will provide the country with a leading position in the world.