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Wednesday, November 27, 2013

Laughing all the way to the bank: Make that $12.6 billion... to Iran

I've mentioned in earlier posts that Iran has already received $8 billion despite the fact that the agreement with the P 5+1 has not yet come into effect. Actually, it's more than that. Much more. Iran has already received $12.6 billion.

First, there are oil revenues.
Spokesman for the Majlis Foreign Policy Commission Hossein Naqavi Hosseini said on Tuesday that about 4.6 billion dollars of Iranˈs blocked oil revenues would be freed.

Hosseini quoted member of Iranˈs nuclear negotiating team Abbass Araghchi as saying that per the Geneva deal, no more sanctions will be imposed and oil sale will be kept intact under present conditions.
And then there are frozen assets.
Government spokesman Mohammad Baqer Nowbakht confirmed the release of dlrs 8 billion of Iran’s blocked assets by the US administration.

He made the remarks here Monday while talking to reporters on the sideline of a local gathering.

Nowbakht noted that the recent nuclear agreement will have significant impact on the Iranian economy.
What will they now do if Iran doesn't fulfill its end of the deal?  What's that you say? Iran is already trying to change the terms?

What could go wrong?

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