Trump Pushes the Iranian Horn Even Harder

Trump’s newest hard hitting sanctions target Iran’s $200 B economic trade

Ujjainee chakraborty

The Trump administration’s newest sanctions against Iran reinstate an embargo on a few of Supreme Leader Ali Khamenei’s leading companies that President Barack Obama lifted as a part of the nuclear deal and will further expose the Iranian dictator’s corrupt economic empire.

Khamenei oversees a vast community of corporate and monetary assets worth $200 billion, the Foundation for Defense of Democracies estimates. Trump signed a government order this week giving the Treasury Department broad powers to sanction Khamenei, those tied to him, and anybody doing enterprise with him.

The three most beneficial organizations in Khamenei’s financial network are the Execution of Imam Khomeini’s Order (also known as EIKO, or Setad in Farsi), the Mostazafan Foundation, and Astan Quds Razavi. The regime consolidated these bonyads, Farsi for “foundations,” in the aftermath of the 1979 Islamic Revolution, by which Khamenei’s predecessor, Ruhollah Khomeini, seized thousands of real estate belongings after his followers overthrew the government of the Western-backed shah, Mohammad Reza Pahlavi. Officially, the bonyads function the equal of not-for-profit organizations.

Today, bonyads act as fronts for massive holding firms and are run by officials handpicked by Khamenei. Of those organizations, Khamenei keeps a very tight grip on Setad, which saw important development after he was put in as supreme chief in 1989. It’s believed to control belongings in almost every sector of the Iranian economy, from banks and power plants to building and soft drinks firms, with an estimated value of $95 billion, in line with a 2013 Reuters report.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s