Wednesday, July 8, 2015

What Will Iran Do With An Extra $100 Billion?


Tim Mak, Daily Beast: Obama Admin Fears Iran Deal Will Release Billions for Terror Attacks

Any nuclear deal with Tehran is going to mean a huge influx of cash for Iran. And even the White House is worried that could mean new funds for Tehran’s terror proxies.

A nuclear agreement with Iran could give Tehran a $100 billion financial windfall—a sum that even the Obama administration is concerned could be used to finance terrorism against American interests.

Iran has billions in assets frozen by an international sanctions regime led by the United States and other world powers. Should a nuclear agreement be reached, as is expected later this week, these assets would be eventually released to the Iranian government.

“We are of course aware and concerned that, despite the massive domestic spending needs facing Iran, some of the resulting sanctions relief could be used by Iran to fund destabilizing actions,” a State Department official told The Daily Beast.

WNU Editor: The money is nice, but what Iran really wants is sanctions relief for its oil industry. Lifting sanctions would mean hundreds of billions of dollars for the Iranian regime from oil sales .... and it will also enable it to use its oil wealth to form alliances with countries that are dependent on oil imports.

2 comments:

James said...

"We are of course aware and concerned that, despite the massive domestic spending needs facing Iran, some of the resulting sanctions relief could be used by Iran to fund destabilizing actions,” a State Department official told The Daily Beast.

So why are you giving them the money?

Bob Huntley said...

Most likely borrowed money at that.