In the Russian Analyst’s opinion, this move is a direct counter to U.S. attempts to enforce the Countering America’s Adversaries Through Sanctions Act (CAASTA) against Russia and re-imposition of anti-Iranian economic measures. Since the collapse of the Soviet Union, a major source of revenue in Belarus has been the refining and export of Russian crude to Europe. Another source of Belorussian income has been supplying Soviet type arms and parts to Iran when that nation was still under pre-JCPOA sanctions.
With Washington putting the squeeze on EU refiners not to touch Iranian oil while giving ENI and Total just 90 days or less to comply, the Belorussians are well situated to profit from busting the U.S. sanctions. They can import by rail Iranian oil that doesn’t get processed in Russian refineries after its shipped up the Volga from the Caspian Sea. Of course, to do that, Minsk needs to be able to transact on a large scale without dollars. — JWSRead More