Wednesday, May 25, 2016

A Look At What Life Is Like On The US Treasury Blacklist

The Guardian: 'A kind of death': life on the US Treasury blacklist

The United States in 2009 listed Kassim Tajideen as a financier of Hezbollah, the Iran-allied Lebanese party, leaving him shut out from banks with no legal redress.

Put aside any image of a global terrorist in an Afghan cave or an armed camp in Pakistan’s tribal areas. Forget the triumphalism of an Iranian Revolutionary Guards commander. Kassim Tajideen arrives in a Beirut restaurant wearing a flat cloth cap and chats over a lunch of spiced fish.

The fact he can’t pay with a Visa card is one of the lesser disadvantages of being listed by the United States Treasury Department as a financial supporter of Hezbollah, the Iran-allied Lebanese Shia Muslim group the United States classifies as a foreign terrorist organisation.

Ten months after Iran’s nuclear agreement with world powers, its leaders complain that continuing US sanctions are deterring would-be foreign investors. Many of the remaining blocks to trade result from the US designation of Iranian entities, including the Revolutionary Guards (IRGC), as terrorist, and a major reason for this designation appears to be their links to Hezbollah.

Read more ....

WNU editor: I do not know if this Guardian story on Kassim Tajideen is accurate, but I do know from media reports in Russia  that Russians who are on the U.S.-EU sanctions list because of Ukraine are not having an easy time in raising funds and/or doing business overseas. In short .... they have become financially castrated.

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