Iran sanctions relief worth up to $40 billion
A sanctions relief package offered to Iran as part of nuclear negotiations could be worth up to $40 billion to Tehran, or 40 percent of the impact of the sanctions, an Israeli cabinet minister said on Wednesday.That is a lot for very little. Iran gets something tangible while we get an illusory promise of a possible future deal within the next six months. That is it. It is hardly even "peace in our times." Obama appears so desperate to change the subject from his healthcare lies that he is willing to sell out our Middle East allies for a cup of porridge or less.
Israel is strongly opposed to a package of sanctions relief, which the United States says will be limited and reversible, offered to Iran by global powers at talks in return for constraints on Tehran's nuclear program.
Israeli Strategic Affairs Minister Yuval Steinitz said Israel believed the sanctions put in place by the United States and European Union last year cost Iran's economy around $100 billion per year, or nearly a quarter of its output.
"The sanctions relief directly will reduce between 15 to 20 billion dollars out of this amount," Steinitz said on Wednesday at an English-language event hosted by the Jerusalem Press Club.
He said that the proposed changes would also make it more difficult to enforce other sanctions, providing a total benefit to Tehran of up to $40 billion:
"The damage to the overall sanctions, we believe, will be something between $20 billion and maybe up to $40 billion," he said.
"This is very significant. It's not all the sanctions. It's not the core sanctions about oil exports and the banking system, but it's very significant relief for the Iranians."