Iran
Private Exporters to Sell Oil to Prevent Sanctions
US Treasury’s Undersecretary David Cohen who supervises the
Iran sanctions portfolio said today that he was skeptical that Iran could find an alternative payment system to
its central bank.
"It's fair to say that we are going to be very skeptical about
efforts to develop alternative payment methods," Cohen said. "Our
presumption going in is anyone buying oil from Iran is ultimately paying the
central bank of Iran, even if there is some intermediary step," he added
[Reuters, 10 May].
Cohen made the remarks while discussing sanctions against Iran at the
Center for Strategic and International in Washington.
The current sanctions that will go into full effect on 1 July is
designed to limit Iran’s oil exports by stopping financial institutions from
conducting oil transactions with Iran's central bank. On Wednesday, Iran
announced that it will authorize the country’s private exporters to sell up to
20 percent of its crude exports by finding ways to avoid routing payments
through the central bank. Cohen’s remarks were in response to Iran’s latest
action to avoid sanctions.
1 comment:
Make me take a wild guess and say those private sellers could be none other than Khamenie his family and his personal cretins the IRGC.
So now oil sales will be even more hidden from public view.
These mullahs are known thieves for taking but not giving. Except of course if it's a bullet in your head and even then they will charge your family for that,disgraceful!
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