Steve Rosenberg: Russia seeks diplomatic and economic gains from Iran war
Steve Rosenberg: Russia seeks diplomatic and economic gains from Iran war
This past week has seen two instances of direct communication between the leaders of Russia and Iran. As the US and Israel intensify their attacks on Iran, Russian President Vladimir Putin positions himself as a global mediator. Yet, this narrative is difficult to accept, given that the Kremlin’s leader initiated a full-scale invasion of Ukraine in 2022. The UN General Assembly had previously denounced that action as a breach of the UN Charter.
Strategic Partnership and Mediation Efforts
Russia maintains a “Comprehensive Strategic Partnership” with Iran, a relationship Putin recently reinforced by pledging “unwavering support” for Tehran. However, this partnership does not extend to a mutual defense treaty. Instead, Moscow aims to mediate the conflict, offering its influence as a key player. During a Monday call with former US President Donald Trump, Putin emphasized a “swift diplomatic resolution” of the Iran crisis, citing contacts with Gulf leaders, the Iranian president, and other nations.
“Putin wants to be helpful,” Trump stated after the conversation. “I said, ‘You could be more helpful by getting the Ukraine-Russia war over with. That would be more helpful.'”
Economic Motivations Amid Rising Oil Prices
While advocating for de-escalation in Iran, Russia capitalizes on the conflict for economic benefit. Recent oil price surges have significantly bolstered Moscow’s revenues. Global crude prices have climbed to nearly $120 per barrel, far exceeding the $59 benchmark of Russia’s federal budget. Even after a temporary dip, oil remains above that threshold, ensuring continued funding for the Ukraine war. Additionally, Trump hinted at waiving oil-related sanctions for certain countries, which could further benefit Russia if applied.
Contrasting Reactions from Ukraine and Media
Ukrainian President Volodymyr Zelensky criticized the potential easing of sanctions, calling it a “serious blow” to Kyiv. Meanwhile, pro-Kremlin outlets like Komsomolskaya Pravda have framed the situation positively, suggesting “expensive oil is a reason [for the West] to cancel sanctions.” Yet, some Russian newspapers have taken a harsher stance, with Moskovsky Komsomolets mocking Putin’s diplomacy as a sign of lost sanity.
Russia’s dual approach—balancing diplomatic outreach with economic exploitation—highlights its strategic calculus in the Iran conflict. While promoting itself as a mediator, it simultaneously secures financial advantages, underscoring the complexity of its global ambitions.
