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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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From: Snowshoe	4/17/2014 8:15:39 PM
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Iranian Officials Warn Russia Not to Dismiss U.S. Sanctions Threat blogs.wsj.com Government technocrats and bankers in Tehran, during interviews over the past week, voiced astonishment over just how much damage the U.S-led sanctions campaign on Iran has had on their economy over the past three years. Many said they had initially believed that a large oil-producing country like Iran — or Russia for that matter — would largely be immune to Western financial penalties. They said they didn’t believe European countries would back up Washington’s economic threats, due to the energy supplies and corporate profits they stood to lose. These Iranians said they had been mistaken, and that Russia should be worried. “The U.S. sanctions are vicious because they largely just targeted our banks,” said a senior Iranian banker. “The Americans essentially forced businesses to choose between doing business in dollars or dealing with Iran. That’s a no-brainer for most.”

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