Thursday, May 9, 2013

Eye on Iran: Senators Seek to Block Iran from Billion-Dollar Reserves










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Top Stories

Reuters: "Legislation introduced by a bipartisan group of U.S. senators on Wednesday would block Iran's access to billions of dollars worth of foreign currency reserves in the latest congressional effort to slow development of the Islamic Republic's disputed nuclear program. Lawmakers in Washington say the government in Tehran taps the reserves held in banks around the world, mostly in euros, to get around U.S. and EU sanctions on oil sales that have damaged Iran's economy. Iran converts the reserves it built up from decades of selling oil, estimated to be worth $60 billion to $100 billion, into local currencies in order to finance imports and stabilize its budget, the lawmakers say... If passed, the bill introduced by Senators Mark Kirk, an Illinois Republican, Joe Manchin, a West Virginia Democrat, and three others, would block such currency conversions of the reserves and be retroactive to May 9. Financial institutions around the world are 'on notice' to halt all foreign currency transactions on behalf of blacklisted Iranian banks and sectors 'or risk being cut off from the U.S. financial market,' the lawmakers said in a statement." http://t.uani.com/10dePQr

NYT: "Iran's 2009 presidential election was an exuberant and exciting spectacle that aroused a powerful surge of optimism in the populace but that ended with the trauma of a violent crackdown. This year's vote, taking place under starkly different circumstances, promises to be far more subdued. For most, the enthusiasm of 2009 has been replaced, for now at least, with an indifference bred of fear and fed by a lack of charismatic candidates. There is little talk of a boycott, but no enthusiasm or expectations that the election will make any difference in people's lives. Today, most of the leading figures of the 2009 opposition - politicians, dissidents and journalists - have been silenced or fled the country. Many of them are still in jail, while the two presidential challengers and leaders of the so-called green movement, Mir Hussein Moussavi and Mehdi Karroubi, remain under house arrest." http://t.uani.com/146ltYT

WSJ: "The Iranian government has launched a pre-emptive crackdown ahead of presidential elections next month, Iranians say, including disrupting the Internet, creating a cyber-surveillance unit for social media, arresting a prominent editor and canceling university classes. The coming election is the first presidential vote since the contested polls in 2009 ignited massive protests against the government and fraud allegations. This time around, amid international concern over Iran's nuclear program and the country's involvement helping Syria's embattled regime to stay in power, Tehran is keen to present a united and stable front to protect its legitimacy. 'We are extremely worried. It looks like they are getting ready for communication lockdown,' said Hadi Ghaemei, director of the New York-based International Campaign for Human Rights in Iran." http://t.uani.com/10IrNl3
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Sanctions

Reuters: "Iran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western sanctions, according to shipping data and industry sources. Two Iranian very large crude carriers (VLCCs) able to hold 2 million barrels each sailed to Batam Island in April, according to AIS ship tracking on Reuters, which tracks global tanker movements, before moving on to China... 'Iran has been using this strategy for the past few months,' said analysts at FGE, an energy consultancy. 'The strategy is taking the crude to islands in Asia via VLCCs and selling it from there. It's a crucial stream of revenue for the country, so it's very important they sell as much as they can.' Batam Island is just 20 km (12 miles) off the south coast of Singapore, the continent's oil hub. Industry sources and oil traders said that before last year it was rare for Iranian tankers to ship crude there." http://t.uani.com/15NmaLj

Reuters: "While the sanctions threaten to bring the Iranian economy to its knees, million dollar apartments fitted out with the best imported equipment have become ever more common in Tehran. Embargoes imposed on the oil and banking sectors since late 2011 have sent the Iranian rial currency crashing, pushing up import prices and contributing to spiraling overall inflation. Wealthy Iranians, often unable to move money abroad due to the banking sanctions, have tried to protect their savings by turning to property at home, further stoking the market. Developers have reaped the rewards but some now believe a bubble is forming and fear the consequences should it burst. For poorer Iranians, the boom is creating more immediate problems as it stretches their ability to provide for their families." http://t.uani.com/12iDhij

Reuters: "Iran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves for its decaying energy sector suffering from tight Western sanctions. Iran started offering production sharing contracts (PSCs), long denied to investors, to a group of Indian oil executives visiting Tehran in January, an Indian industry source said on Thursday. Tehran's insistence, until now, on paying contractors back in oil made projects unattractive to foreign firms even before sanctions made it nearly impossible for most to work there... Indian firms say the risks of investing large sums in Iran are still too great, even with a more attractive PSC regime." http://t.uani.com/ZKihz3

Terrorism

NYT: "When the hostages came home from Iran 32 years ago, after 444 days in captivity, they were heroes, and their release was unalloyed good news, a national triumph, observed with ticker-tape parades, speeches, awards and miles of yellow ribbons. Now they are older, grayer, and, some of them say, approaching the status of historical footnote, and their mood is darker and angrier than they let on when they returned, in January 1981. Part of the bitterness is their fruitless 17-year struggle for substantial compensation. They were blocked by the State Department from winning damages in court, because the agreement that freed them, the Algiers Accords, barred such suits. But last year they gained 69 co-sponsors on a House bill to let them be compensated, as much as $4.4 million each, through fines on companies caught violating trade sanctions with Iran. Now there is a substantial bipartisan effort in the Senate to do the same." http://t.uani.com/17O7Oba

Domestic Politics

AFP: "Former president Mohammad Khatami has expressed doubts about running in Iran's presidential election on June 14, saying his participation could weaken the reformist movement, local media reported on Thursday. Khatami, reformist head of state from 1997 to 2005, and his predecessor, Akbar Hashemi Rafsanjani, moderate president from 1989 to 1997, have yet to decide whether to contest the polls to succeed Mahmud Ahmadinejad. But Intelligence Minister Heydar Moslehi has warned the pair, without naming them, over their alleged role in the protest movement that followed Iran's disputed 2009 election. In a statement published on his personal website and reprinted on Thursday by the English-language Tehran Times, Khatami said his candidacy -- which may be rejected -- could aggravate tensions with the authorities and harm the reformist movement." http://t.uani.com/11Vg2dC

Guardian: "Again in 2009, the economy was the major issue; and although Karroubi polled badly in a disputed election, Mir Hossein Mousavi, another reformist candidate, fought a skilful campaign that blended day-to-day issues with the traditional reformist call for civil and political rights. Now, the economy is still at the centre of election debate, with a large field of would-be candidates criticising the economic management of Ahmadinejad, who is ineligible under the constitution for a third consecutive term. At the core of economic policy is the tension between resources going into short-term consumption or into the investment required for long-term growth. Despite having the world's second-largest reserves of both gas and oil, Iran has been less than successful in using energy revenue to develop other sectors." http://t.uani.com/ZKkpXt

Foreign Affairs

Reuters: "Sudan has granted an Iranian firm a licence to explore for gold in the African country, state-linked media said, a sign of strengthening business ties between Khartoum and Tehran... Sudan has granted an Iranian firm called 'Mine an Metals' a licence to explore for gold in River Nile state north of Khartoum, where much of Sudan's gold comes from, the state-linked Sudanese Media Center website said late on Tuesday. Work would start immediately, it said, without giving more details." http://t.uani.com/10dddWV

Opinion & Analysis

Sherif Mansour in the Committee to Project Journalists: "Iranian authorities are holding at least 40 journalists in prison as the June presidential election approaches, the second-highest total in the world and a figure that reflects the government's continuing determination to silence independent coverage of public affairs, a new analysis by the Committee to Protect Journalists has found. CPJ's census of journalists imprisoned on April 15 also highlights the severe deterioration of freedom of expression in Iran over time. In December 2004, during the last full year of President Mohammad Khatami's tenure, CPJ documented just one journalist in prison during its annual worldwide prison census. By December 2009, after a contested presidential election returned Mahmoud Ahmedinejad to office, the number had grown to 23 in CPJ's annual census. CPJ surveys since that time have consistently shown 35 to 50 journalists in prison in Iran at any given time. Only Turkey, with 48 in jail, was detaining more journalists on April 15, CPJ research shows. As devastating as the imprisonments are to the individual journalists and their families, the Iranian government's tactics have had an intimidating effect on the press, choking off the flow of information. This census and CPJ's past surveys are simply snapshots in time-they do not include the large numbers of journalists convicted of crimes or facing charges who are temporarily free on bail or furlough. Iran has pursued a revolving-door policy in imprisoning journalists, freeing some detainees on short-term furloughs even as they make new arrests. The pattern of rotating critical journalists in and out of prison has sown fear and self-censorship across the entire press corps, according to CPJ research. At least 68 Iranian journalists fled into exile between 2007 and 2012 due to harassment and the threat of imprisonment, according to CPJ research. Only Somali journalists have gone into exile in higher numbers during that period. The Iranian government has used several other tactics to intimidate journalists. Authorities have blocked millions of websites, banned reformist publications, and conducted widespread electronic surveillance in an effort to make a wide range of topics off-limits to public debate. 'Many of the topics we could cover five years ago, like cultural issues, we couldn't do anymore,' Omid Memarian, an exiled Iranian journalist, told CPJ. 'Journalists were even prevented from covering the earthquake relief efforts that happened in Iran last year.'" http://t.uani.com/10kHteA


Eye on Iran is a periodic news summary from United Against Nuclear Iran (UANI) a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Eye on Iran is not intended as a comprehensive media clips summary but rather a selection of media elements with discreet analysis in a PDA friendly format. For more information please email Press@UnitedAgainstNuclearIran.com

United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons.  UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons.

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