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Sanctions Relief Worth Up to $40 Billion to Iran

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Maayan Lubell
Reuters
November 13, 2013

A sanctions relief package offered to Iran as part of nuclear negotiations could be worth up to $40 billion to Tehran, or 40 percent of the impact of the sanctions, an Israeli cabinet minister said on Wednesday.

Israel is strongly opposed to a package of sanctions relief, which the United States says will be limited and reversible, offered to Iran by global powers at talks in return for constraints on Tehran’s nuclear program.

Israeli Strategic Affairs Minister Yuval Steinitz said Israel believed the sanctions put in place by the United States and European Union last year cost Iran’s economy around $100 billion per year, or nearly a quarter of its output.

“The sanctions relief directly will reduce between 15 to 20 billion dollars out of this amount,” Steinitz said on Wednesday at an English-language event hosted by the Jerusalem Press Club.

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This article was posted: Wednesday, November 13, 2013 at 11:26 am





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