Russia’s Economic Strains Limit Support for Iran Amid Ukraine War Fallout
Iran's plea for Russian support has hit a wall of economic reality. Foreign Minister Abbas Araghchi's Moscow visit—framed as 'serious consultations'—reveals the limits of wartime alliances. Russia, drained by its Ukraine campaign and facing Western sanctions, offered only diplomatic platitudes despite Iran's drone and weapon shipments earlier in the conflict.
Berenberg Bank's Holger Schmieding notes the Kremlin's arsenal and economy are too depleted for meaningful action. Moscow's tepid response—a call for negotiations without condemning Israel or the US—reflects strategic caution. With TRUMP re-entering the White House, Putin risks triggering fresh sanctions if he prioritizes Tehran over Washington.