User Tag List

+ Reply to Thread
Results 1 to 2 of 2

Thread: Turkey skirting Iran sanctions by trading gold for crude

  1. #1
    Points: 42,379, Level: 50
    Level completed: 32%, Points required for next Level: 1,171
    Overall activity: 15.0%
    Achievements:
    SocialRecommendation First ClassTagger First Class25000 Experience PointsOverdrive1 year registered
    Awards:
    User with most referrers
    Trinnity's Avatar Banned
    Karma
    4943
    Join Date
    May 2012
    Posts
    8,715
    Points
    42,379
    Level
    50
    Thanks Given
    2,348
    Thanked 1,831x in 1,322 Posts
    Mentioned
    66 Post(s)
    Tagged
    2 Thread(s)
    Rep Power
    0

    Turkey skirting Iran sanctions by trading gold for crude

    Turkey skirting Iran sanctions by trading gold for crude

    Turkey has exchanged nearly 60 tons of gold for several million tons of Iranian crude oil, despite its promises to uphold Western sanctions on Iran’s energy sector, according to recent Turkish reports.

    By using gold instead of money, Turkey is able to skirt Western sanctions on Iran’s oil trade, particularly those pertaining to SWIFT, the global money transfer service that until recently assisted the Central Bank of Iran and other Iranian financial institutions.

    The exchanges raise questions about the Obama administration’s decision to grant Turkey a temporary waiver exempting it from U.S. sanctions to Iran, according to foreign policy experts and those on Capitol Hill who speculated that the revelation could spur Congress to pass a new round of Iran sanctions to prevent such trades.

    “The idea that Turkey needs a waiver for more time to disconnect itself from the Iran oil trade is ludicrous,” said Michael Rubin, a former Pentagon adviser on Iran and Iraq. “Turkey is playing Obama for a fool.”
    This admin is a sham and Obama is endangering us by looking the other way while Iran beats the sanctions and our fake ally Turkey bathes Iran in gold.
    That moves us closer to WWIII. Time for Obama to GO back to Chicago for good.

  2. The Following User Says Thank You to Trinnity For This Useful Post:

    waltky (11-10-2012)

  3. #2
    Points: 1,724, Level: 9
    Level completed: 58%, Points required for next Level: 126
    Overall activity: 52.0%
    Achievements:
    7 days registered1000 Experience Points
    waltky's Avatar Senior Member
    Karma
    355
    Join Date
    Oct 2012
    Posts
    352
    Points
    1,724
    Level
    9
    Thanks Given
    204
    Thanked 46x in 40 Posts
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Rep Power
    6

    Iran Inflation Soars, Rial Loses Half Value...

    Iran inflation soars to 24.9 percent
    November 7, 2012, Rial loses about 50 percent of its foreign exchange value during October
    Iran’s Central Bank says the country’s annual inflation rate hit 24.9 percent in October compared to 24.0 the previous month. The figure, reported by the official IRNA news agency Wednesday, was one of the highest inflation rates since President Mahmoud Ahmadinejad came to office seven years ago.

    They add to a bleak economic picture which conservatives are pinning on Ahmadinejad, who they supported in his disputed 2009 re-election.

    Iran’s national currency, the rial, lost about 50 percent of its foreign exchange value in less than a week in October, hitting an all-time low of 35,500 versus the dollar. It currently stands at about 32,000, and was close to 10,000 in early 2011. The decline has been blamed on a combination of government mismanagement and sanctions imposed over Iran’s nuclear program.

    http://www.timesofisrael.com/iran-in...-24-9-percent/
    See also:

    Israel defense minister says Iran has slowed down uranium enrichment push by some 8 months
    2012/11/09 – Israel's defense minister said Iran has slowed the timetable for enriching enough uranium to build nuclear weapons, implying that Israel would have more time to decide whether to strike Iran's enrichment facilities.
    Ehud Barak's assertion that Iran has "essentially delayed their arrival at the red line by eight months," is in line with the timeframe laid out by Israeli Prime Minister Benjamin Netanyahu in September, when he spoke at the U.N. General Assembly. There, Netanyahu said the world has until next summer at the latest to stop Iran before it can build a nuclear bomb. The West suspects Iran may be aiming toward production of nuclear weapons and has imposed a series of sanctions on the regime.

    U.S. lawmakers are currently working on a set of new sanctions that could prevent Iran from doing business with most of the world until it agrees to internationally demanded constraints on its nuclear program. Iran denies it is trying to build a bomb, insisting its program is for peaceful purposes. However, it has restricted access of U.N. inspectors to the country's nuclear sites.

    Officials from the U.N. nuclear watchdog — the International Atomic Energy Agency — said Friday they would meet with Iranian officials in Tehran next month in an attempt to restart stalled nuclear talks. It would be the first such meeting since early summer, when talks halted over Iran's reluctance to allow IAEA into sites the agency suspects could have been used in secret work on nuclear weapons.

    Israel sees Iran's nuclear program as an existential threat, citing Iranian denials of the Holocaust, its calls for Israel's destruction, its development of missiles capable of striking the Jewish state and its support for anti-Israel militant groups. Barak's comments, made during an interview late Thursday on Israel's Channel 2 TV, appeared to be based on an August report by the IAEA. The report said that Iran has converted much of its higher-level enriched uranium into a powder for a medical research reactor that is difficult to reprocess for weapons production.

    Read more: http://www.foxnews.com/world/2012/11...#ixzz2BqH3scB7

+ Reply to Thread

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Forum Topsite Critical Acclaim
Single Sign On provided by vBSSO