Tuesday, February 16, 2016

Eye on Iran: Iranian Businesses Still Hobbled by Sanctions Fallout






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FT: "Optimism that Iran's economy would quickly open up to foreign trade and investment after the easing of international sanctions has been dashed by continuing restrictions on financing businesses in the Islamic republic. Iranian state-related bodies, backed by billions of dollars in unfrozen assets, have been quick to capitalise on the lifting of most sanctions, but smaller traders and investors continue to have difficulty securing finance to ramp up their operations. Some US clearing banks have warned banks in Europe, Asia and the Middle East that their US-based dollar accounts will face close scrutiny if they do business with Iran, Iranian and US bankers in the region say. The warning, echoed by US Treasury officials in meetings in the Gulf, has prevented banking transactions with Iran starting up again despite the removal of many sanctions. 'For US banks, nothing has changed,' said one senior Dubai-based banker. 'And that has consequences.' ... 'Any banks we contact in Europe, Asia or even in the region like those in Turkey, Oman and UAE, tell us they were told by a few major American clearing banks that no matter which currency they use for transferring Iranians' money, their US-based dollar accounts will be double and triple checked,' said a senior Iranian banker. 'Now all banks are scared of delays in their own dollar transactions and tell us they would love to work with us but don't know what to do as they cannot afford to jeopardise their own dollar accounts with American banks,' he added... 'US banks will be wary of importing risk by dealing with foreign financial institutions that have Iranian-related business, and foreign financial institutions will certainly remember the BNP Paribas settlement,' said Patrick Murphy, a Dubai-based partner at law firm Clyde & Co. Many analysts believed that when nuclear sanctions were lifted the clock would be turned back to before 2010, when non-US financial institutions had been prepared to facilitate trade with Iran by using non-dollar currencies, such as euros. 'But that ignores the change in risk mindset since the settlements made by BNP and for some banks it may be a while before we go back to that pre-2010 position,' he said... Similarly, the insurance market remains averse to new Iranian business given that facilitating trade with Iran remains illegal for US citizens and entities, thereby constraining trade further. New research by Clyde & Co shows that 85 per cent of respondents at London-based insurance companies said US sanctions 'negatively impact their risk appetite for Iran-related business'. 'Even those London based insurers with no US operations are very concerned about the remaining US sanctions,' said Chris Hill, partner at Clyde & Co. 'Those sanctions are proving a strong disincentive to such insurers providing cover for permitted EU-Iran trade.'" http://t.uani.com/1WpAlfi

AFP:
"Iran remains essentially off limits to US banks, despite the lifting of some US sanctions following the landmark Iranian nuclear deal. The Obama administration in mid-January eased several restrictions on doing business with Iran, including former 'secondary' sanctions that had threatened to penalize companies outside the US for their business with Iran, as well as some restrictions on Americans seeking to make inroads in the oil-rich country. Nevertheless, most 'primary' sanctions tied to accusations that Tehran supports terrorism remain in effect, blocking US businesses from joining a rush by non-US companies to cash in on Iran's potential revival... 'Broadly, the US primary embargo on Iran is still in place,' John Smith, acting director of the Treasury Department's Office of Foreign Assets Control (OFAC), told a congressional panel on Thursday. The sanctions still in place were imposed not over Iran's nuclear program but its record on terrorism and human rights. That means the easing arising from the nuclear deal so far 'does not have any impact on us,' said an official with one large New York bank who requested anonymity. 'We're still very prohibited from engaging in just about any business activity with Iran except on very limited exceptions.' ... But many remain keen to exploit the Iran opportunity. They have turned to teams of lawyers and other specialists as they plumb the shifting legal terrain. 'We continue to monitor the developments in Iran,' said Citigroup spokesman Kamran Mumtaz. Foreign banks operating in the US too remain hemmed in by the sanctions still in place, because they are forbidden from clearing US dollar-denominated transactions involving Iran through US banks, according to OFAC. In addition, some 200 Iran-related individuals and entities on a list of 'blocked' persons, including large government entities involved deeply in the economy like the powerful Revolutionary Guards. Non-US companies who provide support to still-blacklisted Iranian entities 'may face being cut off from the US financial system,' said OFAC's Smith. In 2014, US officials fined BNP Paribas a record of almost $9 billion for moving payments involving Iranian entities through the US economy. To avoid such punishments, non-US banks that work in both Iran and the US must isolate Iranian business from their US assets and implement rigid internal controls, law firm Clifford Chance said in a memo advising US banking giant JPMorgan Chase. 'Many organizations looking to trade with, or make investments in Iran, now that sanctions have been eased may experience a tension between business development personnel who may wish to take advantage of the opportunities offered, and those whose responsibilities are for risk management and compliance,' said the memo." http://t.uani.com/216upes

WSJ: "The chief executive of General Electric Co.'s oil-and-gas business has visited Tehran to explore business opportunities there, the company said, the first known visit by an energy executive of an American company since before Western sanctions were imposed on Iran over its nuclear program. Lorenzo Simonelli, CEO of GE Oil & Gas, visited Iran in recent days and departed on Monday as the company takes another look at the country now that nuclear-related sanctions have ended, a GE spokeswoman said. 'In line with the easing of sanctions, we have begun looking at potential business opportunities in Iran, while fully complying with the rules laid out by the U.S. government,' the spokeswoman said. 'Mr. Simonelli's visit...was part of our efforts to that end.' ... GE Oil & Gas, based in London, is a subsidiary of its American parent company... GE manufactures oil-drilling and processing equipment, including subsea pumps and pipeline-service units. Mr. Simonelli's visit included a meeting with a top Iranian oil official, according to a person familiar with the matter. The company wants to sell spare parts, compressors and turbines from its unit Nuovo Pignone, which is based in Florence, Italy, according to a person familiar with the matter... GE Oil & Gas has had a team of 50 in Dubai and Florence preparing to work in Iran for months, examining every detail to ensure compliance with U.S. sanctions, a person familiar with the matter said. That includes insulating any potential Iran business from its U.S. parent and avoiding any use of U.S. technology... Other American companies have shown interest in Iran, but it isn't clear whether they have sent delegations to the country. Chevron Corp. last year sent officials to an Iran-focused conference in Vienna." http://t.uani.com/1okBg5E

U.S.-Iran Relations

Reuters: "U.S. Republican Senator John McCain said on Sunday he would subpoena 10 U.S. sailors to testify about their brief detention by Iran if the Obama administration does not provide the findings of an investigation into the incident by March 1. 'It's an option that I do not want to exercise,' McCain, who chairs the Senate Armed Services Committee, told reporters as he was returning to the United States from an international security conference in Germany. The sailors were detained by the Islamic Revolutionary Guard Corps after their two patrol boats strayed into Iranian waters on Jan. 12. U.S. officials later blamed a navigational problem... McCain said he had been told the sailors were still being debriefed, but added that he assumed that administration members were 'dragging their feet' in completing an investigation into the incident, which he accused Iran of exploiting for propaganda purposes. 'I guarantee you, if they don't have a debrief by the first of March like they said, we'll have a hearing and we'll subpoena. We're not going to wait any longer,' McCain said. 'We will subpoena the individuals if we have to.'" http://t.uani.com/1Svg61y

Sanctions Relief

WSJ: "The first shipment of Iranian crude oil to the European Union in over three years sailed Monday, with two more poised to follow in the coming days, Iranian officials said. A tanker chartered by French energy giant Total SA sailed with 2 million barrels on Monday, the officials said. Another carrying 1 million barrels for Spain's Cia. Española de Petróleos, or Cepsa, is poised to follow Tuesday, they said. A third vessel, also of 1 million barrels and booked by Litasco, the trading arm of Russia's Lukoil, arrived this weekend at the Iranian terminal of Kharg Island, and its loading will follow soon after, the officials said. The ships are part of a flood of new oil that Iran says it is producing since world powers agreed to lift Western sanctions related to the country's nuclear program. Those sanctions crippled Iran's oil industry, reducing its export capacity by more than 1 million barrels a day. Rokneddin Javadi, the deputy oil minister, told state television broadcaster Press TV on Sunday that Iran's crude-oil production had increased 400,000 barrel each day. the bulk of its stated short-term, post-sanctions target of ramping up production by 500,000 barrels a day. Total Chief Financial Officer Patrick de la Chevardière last week said his company, 'as any other oil company,' is currently buying Iranian oil on the spot market, though he declined to elaborate... The tankers began loading after European oil traders and shippers won a key victory allowing the cargoes to be insured. The American Steamship Owners Mutual Protection and Indemnity Association Inc., or American Club, said U.S. sanctions preventing it from covering cargoes originating from Iran had been removed." http://t.uani.com/1oGq1oS

Press TV (Iran): "Iran said on Friday that Germany's BASF - the world's largest chemical producer - plans to make an investment of as much as $4 billion in its petrochemical industry. Marziyeh Shahdani, the managing director of the National Petrochemical Company (NPC), has been quoted by the media as saying that negotiations are underway with BASF to construct a petrochemical township in southern Iran. The German company will have a share of 60 percent in the project which will be constructed in Parsian Special Industrial Zone. Hamid Reza Rostami, the NPC director for planning affairs, said in December last year that BASF's planned investment in Iran will also involve a guaranteed market as well as the transfer of technology. 'BASF has decided to make direct investment in Iran, bringing in capital, technology, management and a guaranteed market for products which we welcome,' said Rostami. Iran's officials had already announced that Germany's Linde and Japan's Mitsui are also negotiating with Iran over investments in the country's petrochemical industry. BASF and Linde sent their executives with German Minister of Economy Sigmar Gabriel to Iran in July to discuss investment and transfer of technology." http://t.uani.com/247KP8Y

Reuters: "Iran's rich deposits of zinc, copper, gold and other minerals are tempting international investors after the lifting of Western sanctions, but development of the sector will take time and problems will have to be overcome. A slump in metals prices and uncertainty about working with the Tehran government, which controls virtually all the country's mines, means that many foreign mining firms are not scrambling to sign deals. Nevertheless, some agreements have already been struck and other foreign firms have been looking at Iran's mining and metals sector in the weeks following the scrapping of sanctions as part of a nuclear deal, which went into force last month. Iran, which boasts one of the world's largest undeveloped zinc projects and myriad other mines, has been trying to lure investors since it became clear that sanctions would be lifted under last year's deal signed by Tehran and six world powers. Iran's state-owned mines and metal holding company IMIDRO told an Australian mining conference in November that its mining sector needed $20 billion of investment by 2025... In India, national aluminum company NALCO said last month it planned to send a team to Iran to explore setting up a smelter worth about $2 billion and state-run KIOCL is considering building an iron ore pellet complex... A spokesman for global miner Rio Tinto, which was previously involved in the Sara Gunay gold project in Iran, said there was no work being done by their exploration team regarding the country. Chief Executive Mark Bristow of Randgold Resources, which has experience of mining in risky areas of Africa, told Reuters the firm was not interested in Iran." http://t.uani.com/1Xvf0SW

Reuters: "A freight train from China arrived in Tehran on Monday, Iranian and Chinese media reported, calling it a historical first that opens a new trade link between countries seeking to strengthen ties as Iran emerges from years of economic isolation. The train, carrying 32 containers, arrived in Tehran after a 14-day, 10,399 kilometer (6,462 mile) journey from Yiwu city in east China, Iran's ISNA news agency reported. The agency didn't say what kind of goods were shipped on the train on a route that took it via countries like Kazakhstan and Turkmenistan. The train's journey was 30 days shorter than the time usually taken by ships to sail from Shanghai to Iran's Bandar Abbas port, China's Xinhua news agency quoted Iran's transport minister and railway chief, Mohsen Pour-Aqaei as saying. With the lifting of nuclear-related sanctions, Iran is being heavily courted by China. Beijing sees the country as a key part of its 'One Belt, One Road' policy to increase trade and open new markets for its firms as its domestic economy slows. A big part of the policy is to expand the use of railways between China and Europe to shorten goods travel time, creating a modern 'Silk Road', Beijing has said. Xinhua also quoted Iran's transport minister as saying one freight train would now travel from China to Iran every month. These trains would eventually be bound for Europe, helping Tehran develop into a transit center between the two regions, according to quotes attributed to the minister... The two countries are also cooperating on a high-speed rail project linking Tehran to Iran's northeastern holy city of Mashhad, Tasnim News Agency reported earlier this month. It quoted Iranian President Hassan Rouhani as saying that the $2 billion project was finalised after Xi's visit and would take 42 months to build." http://t.uani.com/247vjtJ

Reuters: "A leap by the Tehran stock market in the past four weeks contrasts with gloom in many bourses around the world and hints at Iran's investment potential as its economy, long isolated by sanctions, rejoins the global trading system. The TEDPIX index has soared 18.3 percent since Jan. 16, when the sanctions were lifted after an international deal on Iran's nuclear programme. Average daily trading turnover has tripled from last year to around $150 million. The economy is still struggling - growth is close to zero, the jobless rate exceeds 10 percent and many banks face mountains of bad debt. Political tensions between hardliners and moderates could slow efforts to address these problems. As a result, some commentators are warning that the notoriously volatile market may not hold on to its gains. 'The Tehran bourse is disregarding warnings and the condition of world markets ... It is going down the same road as in 2015, the result of which will only be a lack of confidence and the flight of capital from this market,' the conservative Nassim news agency said in a commentary last week. But many investors are betting that by restoring Iran's links with the rest of the world and attracting foreign capital and technology, the end of sanctions will trigger a long-term economic boom. 'The actual benefits of the lifting of sanctions will take six to 12 months to start to feed into companies' financials,' said Payam Malayeri, head of asset management at Griffon Capital, a Tehran-based firm which last month launched an offshore equity fund focused on Iran... So far, auto stocks have led the rally because of prospects for tie-ups with foreign firms; Iran Khodro, which announced a 50/50 venture to build cars with Peugeot, has rocketed 52 percent." http://t.uani.com/1To696e

Reuters: "Russia could deliver up to 100 of its Sukhoi Superjet 100 (SSJ 100) short-haul passenger aircraft to Iran, Interfax news agency quoted the vice-president of Russia's state-controlled United Aircarft Corporation as saying on Tuesday... 'We have studied the potential market, as well as the needs of Iranian airlines as far as regional jets are concerned. According to various estimates, one can talk of up to 100 (SSJ 100) units there,' Interfax quoted Vladislav Masalov as saying on the sidelines of the Singapore Airshow." http://t.uani.com/1TlojEx

Bloomberg: "An Istanbul-based payments startup says it's signed a deal that smooths the way for companies seeking to follow it into Iran's $400 billion economy. Iyzico's agreement with Tehran-based electronic payments platform PECCO lets its customers process transactions from some 230 million payment cards that until recently weren't connected to any financial system outside Iran, according to Barbaros Ozbugutu, Iyzico's German-Turkish chief executive. The deal is the first of its kind, he said in an interview in Istanbul. Since visiting Tehran last year, the founders of the World Bank-backed company have been working on expanding in Iran, Ozbugutu said." http://t.uani.com/1LrEg5G

Regional Destabilization

Reuters: "Sunni politician Saad al-Hariri said on Sunday Lebanon would never be an 'Iranian province' hostile to Saudi Arabia, and attacked Shi'ite Hezbollah's role in the Syrian war in a speech reflecting regional tensions. The former prime minister was speaking in Beirut on the 11th anniversary of the assassination of his father, Rafik al-Hariri. It was only his third visit to the country since the Hezbollah-dominated March 8 alliance toppled his cabinet in 2011... 'We will not allow anyone to pull Lebanon to the camp of hostility toward Saudi Arabia and its Arab brothers. Lebanon will not be, under any circumstances, an Iranian province. We are Arabs, and Arabs we shall remain,' said Hariri, who is backed by Saudi Arabia. Hezbollah, which is backed by Iran, is fighting alongside the Syrian army in support of President Bashar al-Assad in a war against insurgents who have received backing from Saudi Arabia, Turkey and other states. Five Hezbollah members have been indicted by an international tribunal over the 2005 killing of Rafik al-Hariri." http://t.uani.com/1Oe1k7N

Human Rights

The Hill: "The U.S. State Department on Sunday marked the five-year anniversary of the house arrests of several Iranian opposition leaders, condemning their continued detention and calling for their release. 'Five years ago today, the government of the Islamic Republic of Iran placed former senior Iranian officials and 2009 presidential election candidates Mehdi Karroubi and Mir Hossein Mousavi, as well as Mousavi's wife, women's rights advocate Zahra Rahnavard, under house arrest without formally charging them with any crimes,' spokesman Mark Toner said in a statement. 'We join the international community in condemning their continued detention and the harassment of their family members, and in calling for their immediate release.' The statement said the United States will keep pushing the Iranian government to 'respect its international obligations, including minimum fair trial guarantees and not subjecting its citizens to arbitrary arrest or detention.' 'We repeat our appeal for the immediate release of these individuals and of all prisoners who are being held for their religious or political beliefs,' Toner added." http://t.uani.com/1Qj2K8x

HRW: "The Iranian authorities' arrest of a former BBC reporter on February 3, 2016, shows the risk dual nationals face if they choose to live in Iran. The family of Bahman Daroshafaei, who has been working as a translator, has not been able to find out about why he has been arrested, or by whom, or what charges he might be facing. Daroshafaei, a dual British-Iranian national who has worked as a journalist for the BBC Persian television channel and website, returned to Iran in January 2014, after living in the United Kingdom for several years. When he arrived at the airport, the authorities seized his passport. Over the next two months, Intelligence Ministry officials periodically interrogated Daroshafahi about his activities as a journalist, but at the time did not file any charges against him. 'Iran's unaccountable security agencies run roughshod over President Hassan Rouhani's promises of a more inclusive Iran,' said Sarah Leah Whitson, Middle East director. 'This pattern of arresting Iranians who were simply excercising their freedoms of expression and association while living abroad seriously undermines the notion that Iran actually welcomes having its own citizens return home.'" http://t.uani.com/1Sv0cUX

ICHRI: "Shops are prohibited from displaying any signs or selling any products associated with the 'decadent Western cultural phenomenon known as Valentine's Day,' Iran's police force announced on February 10. 'Young men and women should not gather in shops and exchange gifts such as dolls, flowers and chocolate... or else the individuals involved as well as the shop owner will face consequences,' the police directive warned. Every year as February 14th approaches, Iran's police force employs various methods to try to dissuade people and businesses from celebrating the internationally-recognized day for lovers. Nevertheless, reports indicate that this year Valentine's Day will be more widely celebrated in Iran than ever, even among young people in the religious city of Qom. Four years ago, the Customs Organization banned the import of Valentine's Day products in order to counter 'plans by aggressive capitalists to weaken the foundation of the family in Iran's Islamic society.' In fact, Iranian officials often refer to the holiday as a Western conspiracy, a belief that is in line with supreme leader Khamenei's insistence on an Islamic lifestyle free of Western influences... 'The West is trying to impose its trademark on every aspect of our life, from food to architecture and furniture. It wants to replace our beliefs with free masonry, and our rituals with Christmas and Valentine's Day and our architecture with the White House,' Mohammad Eshaghi, a senior planning official at the Supreme Council for Cultural Revolution said on August 9, 2015. Also in a commentary by Fars New Agency, which is affiliated with Iran's Revolutionary Guards, Valentine's Day was described as plot 'to prevent marriage and promote dating.'" http://t.uani.com/1U5x1re

Domestic Politics

AFP: "Iran's protracted election vetting process ended Tuesday with 6,229 candidates being allowed to stand for parliament, narrowing the battle lines for closely watched Feb. 26 polls. The approvals, after seven weeks of scrutiny from the Guardian Council, a powerful constitutional watchdog with veto power, were granted to 51 percent of those who originally sought to become lawmakers. Anyone wanting to become a member of parliament or Iran's Assembly of Experts, a committee of 88 clerics that will be elected on the same day as lawmakers, must be vetted by the council. The official campaign will start on Thursday, meaning candidates have only a week to convince voters. Thousands, including many reformists, were disqualified from running for parliament last month and of the 800 who aimed to run for the Assembly of Experts only 161 were given approval." http://t.uani.com/1QFQ2eg

AP: "Iranian reformists seeking greater democratic change and moderates supporting President Hassan Rouhani's outreach to the West have formed an alliance to increase their chances ahead of Feb. 26 parliamentary elections, a prominent reformist candidate said Monday. Mohammad Reza Aref, a former vice president, told reporters that his supporters and Rouhani allies have agreed to release a joint list of candidates in order to more effectively challenge hard-liners and conservatives, who remain split. He announced the move at a press conference, saying the bloc would be called the 'Alliance of Reformists and Government Supporters' and would include several female and young candidates... Many of the best-known reformist candidates have been barred from running by the Guardian Council, which is dominated by hard-liners." http://t.uani.com/20Bmrbg

Foreign Affairs

AP: "Saudi Arabia's foreign minister said Sunday that Switzerland has agreed to handle its diplomatic services in Iran so that Iranian pilgrims can continue to visit the oil-rich kingdom. Saudi Arabia cut diplomatic ties with Iran last month after protesters outraged over the kingdom's execution of a prominent Shiite cleric set fire to the Saudi Embassy and another diplomatic mission. Foreign Minister Adel al-Jubeir said the Swiss would facilitate procedures for Iranian Muslims to visit Saudi Arabia for religious pilgrimages. He spoke during a visit by his Swiss counterpart, Didier Burkhalter. The Swiss Embassy in Tehran already provides consular services to U.S. citizens in Iran in the absence of an American diplomatic mission there. Switzerland has separately offered to represent Iranian interests in Saudi Arabia, Iran's semi-official ISNA news agency quoted Iranian foreign ministry spokesman Hossein Jaberi Ansari as saying." http://t.uani.com/1SQynHi

AP: "Even though Iran has agreed to a landmark deal curbing its nuclear activities, relations can only fully normalize when it recognizes the existence of Israel, German Chancellor Angela Merkel said Tuesday. Speaking at the side of Israeli Prime Minister Benjamin Netanyahu, Merkel told reporters after a meeting of the two countries' Cabinets that she's 'made very clear' that 'there cannot be a normal, friendly relationship with Iran so long as the existence of Israel is not recognized.'" http://t.uani.com/1QFYJFs

Opinion & Analysis

IranWire: "A former Iranian official, who is in close touch with intelligence agents in Iran, has stated that Nosratollah Khosravi-Roodsari and Amir Hekmati, two of the four Iranian-Americans released from an Iranian prison last month, were innocent and used as a political tool in Iran's negotiations with the United States. In a recent conversation with IranWire, Nosratollah Khosravi-Roodsari, the fourth Iranian-American released from prison in Iran on January 16, 2016, said that he is still recovering from many months of incarceration and would like to have some time to gather his thoughts and strength before talking to the media about his ordeal in any detail... After IranWire published an article about Khosravi on January 23, 2016, a former Iranian government official unexpectedly made contact with IranWire. The official, who still has contacts in the Iranian intelligence and judiciary, offered to talk to IranWire about Mr. Khosravi's arrest, as well as about the arrest and imprisonment of former marine Amir Hekmati, who was jailed in Iran for almost four and a half years. The former official, who asked to remain anonymous and rarely gives interviews, said he felt it was important to shed some light on recent events. The official began by saying that he believed the arrest of the two Iranian-Americans, Khosravi and Hekmati, was a political move. 'It was a hostage-taking in the classical sense: incarcerating innocent people in order to gain an objective,' he told IranWire. The former official, who is a well-known figure within the reformist movement in Iran and who has held high positions in the government in the past, emphasized that he did not want to comment on the arrest of other Iranian-Americans, and was only commenting about Khosravi and Hekmati. 'I know for a fact that these two had done nothing wrong. I also know that those who arrested them realized that their prisoners were innocent a few days after their arrest.' The former official claims that he took personal interest in the story when he read Amir Hekmati's letters to Iranian and American officials on IranWire. He says that he tried to find out about Hekmati as much as possible through his contacts at the Ministry of Intelligence and the judiciary. He claims that his research into Hekmati's case showed that the Iranian-American was innocent, and he decided to find out what his contacts understood about the case. 'Some of my friends are still in the government and we meet every now and then to chat about different issues. I started to tell others about the ridiculousness of Hekmati's case and sentence,' the former official said. Amir Hekmati was given death sentence for espionage in January 2012. A few months later, the sentence was commuted to 10 years' imprisonment. 'I remember reading about Hekmati celebrating his birthday in prison in IranWire [in July 2015]. Hekmati had said he was being used as a bargaining chip. I told my contacts about this and wondered: how can someone be sentenced to death one day for espionage and then, two months later, have the sentence reduced to 10 years? He's either a spy who should be executed or he's not a spy and should be freed. I argued that this kind of wishy-washy treatment of espionage cases is not good for the image of the Islamic Republic, and will make people trust us even less than before. At that moment, a friend who still works for the Ministry of Intelligence smiled and said, 'We also have a new prisoner that we haven't revealed yet. He's even more innocent than Hekmati''. The intelligence agent was referring to Khosravi, who had been arrested in May 2015. 'My [intelligence agent] friend said, with a even a bigger smile, 'But we're going to keep him as well until they pay the right price for him. Our government needs assets.' He also said that Americans do anything to get their citizens out of prison, and that makes Iranian-Americans valuable bargaining chips for the Iranian government - and he was saying this with a smile, as if he was proud of it. So, basically these Iranian citizens (who also have American nationality) were nothing to our government but assets, things that could be bought and sold.' The former official said he was 'seething with anger' when he heard this. 'I took part in the Revolution and fought in the [Iran-Iraq] war for three years. I had tried to honestly help our country. So it really saddens me that a government that I had helped bring to power treats its own people like that. I don't think the Americans would have ever done that to their own people.' During the conversation with IranWire, the former official trembled with emotion, and emphasized the importance of getting this information out to reporters outside Iran. He used the words 'regret' and 'revolting' (afsoos and eftezah in Persian) several times. 'I saw my [intelligence agent] friend after the prisoners were released. When I told him that it appeared that the Iranian-American prisoners were innocent, he said, 'Of course they were.' But he was still proud of the deal they had done with the Americans. 'We gave them four, and they gave us seven. Nothing to complain about.' That is revolting behavior. No wonder that all the prisoners that Iran released left Iran within a few days, but the prisoners that the Americans released didn't want to even leave the United States and come to Iran. Our government should be ashamed of treating its people like that. It should also be ashamed that their own people whom they bargained with the Americans to release are reluctant to return to Iran.'" http://t.uani.com/1Oee2DC
       

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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