Today’s Wall Street Journal posted an article about what the lifting of the economic sanctions will mean to Iran. One of the problems with lifting the sanctions is that despite claims to the contrary, much of the money will find its way to terrorist activities around the world.
The article reports:
Take the deal’s financial windfall for Iran’s terrorist and military activities, which even Mr. Obama conceded Wednesday would benefit. The inflow from sanctions relief could approach $150 billion within 16 months. The President says most of the money will go to improve Iran’s economy, but this misjudges the regime’s priorities and how its economy works.
Consider the Revolutionary Guard Corps, or IRGC, which is the regime’s military and ideological spine and controls an estimated 20% of the Iranian economy. This includes perhaps half of all government-owned companies, such as construction firm Khatam Al-Anbia, which is involved in building everything from city metros to oil pipelines; the Telecommunication Company of Iran, where an IRGC-controlled company has a 51% stake; and thousands of smaller front companies.
“To do business in Iran, foreign companies need an Iranian partner, which for large-scale projects often means firms controlled by the IRGC,” Reuters’s Pariza Hafezi and Louis Charbonneaureported in July. That means the Revolutionary Guards will benefit from the one-time windfall when Iranian oil profits now held in escrow are released, and going forward as foreign companies race to get into the Iran market.
The 700 Club this morning posted the following:
The Iranian nuclear deal will put American soldiers at greater risk. It will also put Israel in greater danger. It will also begin a nuclear arms race among Middle Eastern countries. This is not a deal that Congress should approve.