Thursday, September 13, 2012

Iran Sanctions Effective – U.S. Treasury

U.S. Treasury said that economic sanctions against Iran were yielding results. The country’s oil exports have been cut to 1.1 million barrels per day from an average of 2.4 million bpd in 2011, costing Iran about $5 billion a month.

Treasury Undersecretary David Cohen said in a speech at NYU School of Law on Wednesday that the loss in oil revenues has forced the Iranian government to “cut its budget because of a lack of revenues.” Cohen added that the goal is not to affect Iran’s economic growth, but “to affect their political calculus.” (Reuters, 13 September)

"Sanctions have effectively terminated international access for most Iranian banks," said Cohen. "Today, the Iranian government is relegated to the backwaters of the international financial system, and they know it."


Anonymous said...

Certainly, the sanctions are having an effect on millions of innocent Iranians, but on the Iranian regime? Hardly. And if the U.S. Treasury thinks that sanctions will force the regime to abandon their nuclear quest then they are in for a rude awakening!

Anonymous said...

Anon 8:37 PM

Of course they won't abandon their nuclear quest,because they don't give a rats ass about the Iranian people.
And that's why the regime will crumble in the end!

Anonymous said...

Anon 10:41 PM

But the Iranian people do give a rat's ass about their nuclear ambitions and even if the regime does crumble in the end, the new regime in its place will carry on its predecessor's nuclear legacy.

Anonymous said...

Anon 6:39 PM

"But the Iranian people do give a rats ass about their nuclear ambitions...."

Not to the extent that the people are losing their jobs from factory closures.The price of food stuffs is spiraling upwards and the economy is bankrupt.
There are other ways to maintain a healthy nuclear program without all the mullah bazi.