Much like a conventional military agency, the IRGC, about 125,000 members strong, has ground forces, an air force, missiles, drone forces and naval units. But it’s also heavily present in Iran’s business sector.
With the authority to engage in commercial activity in Iran, it controls an estimated 20% of the country’s overall economy, according to some experts.
The President Donald Trump administration announced its plan this week to officially designate Iran’s military unit, the Islamic Revolutionary Guard Corps (IRGC), as a foreign terrorist organization (FTO), effective April 15.
The unprecedented move garnered swift reaction from critics as well as the Iranian government, which subsequently labeled the U.S. a terrorism supporter and Centcom, U.S. Central Command, a terrorist group.
By definition, terrorists are non-state actors — so this designation for a foreign government’s military is a major first on the international stage.
But with Iran’s economy already resembling that of a basket case, how much does this really change things?
“The economics are expected to be minimal because the IRGC is heavily sanctioned, and international companies have to be incredibly cautious engaging in business in Iran,” Sanam Vakil, a senior fellow at Chatham House and associate professor at Johns Hopkins School of Advanced International Studies, told CNBC via phone.
“And under the climate of sanctions already, Western companies have withdrawn so there is little impact there.”
Iran’s economy shrunk by 1.5% last year and is expected to contract by 3.6% this year, according to the International Monetary Fund, compared to 3.8% growth in 2017 before sanctions were re-imposed by the Trump administration after the U.S. withdrew from the Iranian nuclear deal in May 2018.
Iran Briefing | News Press Focus on Human Rights Violation by IRGC, Iran Human Rights
May 27, 2020 Comments Off on Iran is running a custom-made strategy in the Levant
May 27, 2020 Comments Off on IRGC commander Soleimani to Hamas: Iran will never abandon Palestine
May 26, 2020 Comments Off on Protests For Lack Of Drinking Water Turns Into Hot Discussion Among Iranians
May 25, 2020 Comments Off on In veiled warning to Iran, U.S. tells Gulf mariners to stay clear of its warships
May 27, 2020 Comments Off on Second Iranian Oil Tanker Arrives At Venezuela’s Largest Refinery
May 26, 2020 Comments Off on IRGC General Says US Military Presence ‘Coming To An End’ In Persian Gulf
May 26, 2020 Comments Off on Rouhani Concerned About New Hardliner-Dominated Parliament
May 19, 2020 Comments Off on Iranian Officials Say Minimal Damage At Ancient Jewish Site After Allegations Of Arson Attack
May 27, 2020 Comments Off on Iran is running a custom-made strategy in the LevantSince the US killing of the Quds Force commander, Qassem Soleimani, in January, the Iranian regime has been gradually shifting to a custom-made strategy in the Levant with mixed political and military...
May 27, 2020 Comments Off on IRGC commander Soleimani to Hamas: Iran will never abandon PalestinePrior to his death in a U.S. drone strike in Iraq in January, IRGC commander Qassem Soleimani wrote a letter to Muhammad Deif, the commander of the Izz ad-Din al-Qassam Brigades, Hamas’s military wing,...
Feb 10, 2020 Comments Off on Qasem Soleimani, a hero or a terrorist?On 3rd of January a news spread in social media regarding Qasem Soleimani and AbuMahdi Mohandes who has died by a US drone strike near Baghdad Airport and this was the end of their lives. In social media, especially Iranian users, there was a chaotic situation, some called of “the general of...