Best currency exchange moscow: Western Sanctions Are Driving Russia’s Focus on the Middle East

While economic deals amongst SWFs and recent increases in arms sales provide Russia assistance in the near-term to face the previous shock to global oil prices as well as Western sanctions, the mid to long-term implications of Russia’s involvement in the Syrian Civil War are the most important to analyze. In terms of bilateral cooperation in the Middle East, relations with Iran are the most important for Russia. A major consumer of Russian arms, Moscow sees Tehran as a “ regional superpower ” given Iran’s extensive involvement in the war in Syria, its support for Hamas and Hezbollah, as well as the question of its future nuclear capabilities.

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