In Case You Missed It: UANI CEO, Ambassador Mark D. Wallace, Testifies on Iran Nuclear Deal Before Congress
"We Have Really Undercut Dramatically the Sanctions Effort, and the Iranian Economy, as I Said, is Blossoming"
[Click here to watch the full hearing.]
[Click here to read a transcript of Ambassador Wallace's testimony.]
January 28, 2014
Wallace: Congress Should State "Red Lines On Enrichment"
"[State] Your Red Lines On Enrichment." "I respectfully implore you all to say what are your red lines on enrichment, on the heavy water reactor, and the like. ... Please, each one of you should go on the record with the President--the future President--as to what your red lines are. That's important that Congress speak with a unified voice."
Wallace: Iran Should "Face The Most Robust Sanctions History"
"Congress Should Make Clear That Iran Will Face The Most Robust Sanctions In History." "Six months from the adoption of the interim agreement, this Congress should make clear that Iran will face the most robust sanctions in history, and its oil sales will go down to nearly zero, its auto industry will not be able to function, and their entire economy will cease to exist. That's the message this committee must send in order for Iran to dial back its nuclear program, which is a requirement in my opinion for a final deal."
- "We Can Certainly Get Their Oil Sales Down To A Few Hundred Thousand Barrels, And We Should Try." "I think we really dialed back the sanctions regime and their economy is flourishing. We measure their currency, we measure their inflation, we measure their stock market, and it is booming. ... [While] we can't shut down their economy, we can certainly get their oil sales down to a few hundred thousand barrels, and we should try."
Wallace: Sanctions Are Not "Warmongering"
"We Cannot Allow Partisanship To Enter This Debate And Say That We're Somehow Warmongering Because We Don't Want To Open Our Pocketbook." "Remember what we're talking about here: we're saying 'we're not going to do business with you. We're going to close our pocketbook.' We're not invading them, we're simply just saying we don't like your policy, we're going to close our pocketbook. Somehow that's being turned into warmongering ... if somebody does something I don't like, I don't want to do business with them. We shouldn't do business with Iran -- that's what we're debating here. Is that so controversial? We cannot allow partisanship to enter this debate and say that we're somehow warmongering because we don't want to open our pocketbook."
Wallace: Danger That Interim Agreement "Becomes The Permanent Agreement"
"We Have Significantly Rolled Back The Sanctions Architecture" "My biggest worry about the deal is that we have significantly rolled back the sanctions architecture, which all of you, both sides of the aisle, have carefully constructed, and defied a variety of Presidents over a long time and created this sanctions architecture. Mr. Sherman said it quite well in his intervention, where he said that you have to have ever-increasing sanctions for them to be effective--the moment you start dialing them back they start falling away. So we have really undercut dramatically the sanctions effort, and the Iranian economy, as I said, is blossoming. At the same time, we haven't rolled back their nuclear program in any material way. No one on this panel, and there are true experts on this panel on the complexities of the nuclear physics, can show that a single centrifuge has been dismantled. Whatever the range of opinions here, if you believe in no enrichment or some limited enrichment, it means that Iran can only have something like zero to maybe 4,000 IR-1, the most primitive centrifuge. That's the range of opinion probably at this table, I don't want to speak for my colleagues. What are the chances that Iran is going to dismantle 15,000 to 19,000 of its centrifuges? I say none. So my worry is that the interim agreement becomes the permanent agreement."
Click
here to view a transcript of Ambassador Wallace's testimony.
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