Aletho News


Palestine Under Siege

By Richard Hugus

A  video documentary of the destruction caused by the April 2002 Israeli attack on Jenin refugee camp in Palestine. Filmed three months after the attack. Also visits Jerusalem and Gaza. 41 minutes.

Winner of  2006 award from Al-Awda, The Palestine Right to Return Coalition worldwide film contest at Al-Awda’s Third Annual International Convention in Los Angeles

Full screen view recommended.

January 20, 2014 Posted by | Ethnic Cleansing, Racism, Zionism, Subjugation - Torture, Timeless or most popular, Video, War Crimes | , , , , | Comments Off on Palestine Under Siege

European pension funds increase Israel boycott pressure

MEMO | January 20, 2014

ABP, the world’s third-largest pension fund, said the fund might exclude the stocks ‘as a last resort’ if the Israeli banks fail to act

According to a report in The Financial Times today, three major European pension funds with a combined total of almost €500 billion of assets are “reviewing their holdings in Israeli banks over concerns that the banks finance illegal Israeli settlements in Palestinian-occupied territories.”

The three investors are Dutch ABP, the world’s third-largest pension fund, Nordea Investment Management, and DNB Asset Management. In addition, Norwegian pension fund KLP has confirmed it will be examining “dilemmas linked to financing [of Israeli settlements].”

An ABP spokesperson said the fund might exclude the stocks “as a last resort” if the banks fail to act. Nordea, meanwhile, is expected to meet the Israeli banks in March and take a decision on a possible withdrawal of investment at a meeting in May.

As the FT highlights, “the reviews come after PGGM, the second-largest Dutch pension fund, two weeks ago became the first big investor to dump its holdings in five large Israeli banks : Bank Hapoalim, Bank Leumi, First International Bank of Israel, Israel Discount Bank and Mizrahi Tefahot.”

The news comes two days after Israeli television broadcast remarks by the government’s top negotiator and Justice Minister Tzipi Livni, who warned that a “crisis” in the peace process will see Israel hit by a “wave” of boycott pressure. Last week, Shas party chair Aryeh Deri urged financial assistance to business owners in the West Bank “hurt by international boycotts”.

January 20, 2014 Posted by | Economics, Solidarity and Activism | , , , , | Comments Off on European pension funds increase Israel boycott pressure

Peaceful protest ends in deportation and imprisonment

International Solidarity Movement | January 20, 2014

Photo by ISM

Photo by ISM

Occupied Palestine – On Saturday 18th January during a peaceful protest in the Jordan Valley, 19-year-old Ahmad Walid Atatreh, a Palestinian activist and 24-year-old Sven W, a German activist who lives in Switzerland, were arrested and beaten after a march held in Jiftlik Adam Junction. Ahmad is a law student, studying at Al-Quds University in Jerusalem.

The march in Jiftlik was organized in protest against a legislation bill recently approved in the Knesset to annex the Jordan Valley to the current state of Israel. While the Israeli government declares that the move is purely for security reasons, the large number of illegal agricultural settlements and theft of Palestinian water rights demonstrate that the motives are largely economic.

Almost 95% of the Jordan Valley lies in Area C, under full Israeli civil and military control. Palestinian Bedouin herders suffer repeated demolitions of their homes and animal shelters, and water tanks are frequently confiscated. A large section of the area is reserved as a firing zone and residents are often forcibly removed from their homes to make way for military exercises.

Approximately 60 people gathered in the Jordan Valley and began a protest holding banners and chanting against the Israeli occupation of Palestine. As the march ended, Israeli forces invaded the area and began to arrest Palestinian demonstrators. Sven W and a British volunteer succeeded in stopping the detention of a Palestinian youth and in the process were both arrested by the Israeli army.

The two international activists were violently pushed to the ground by an Israeli soldier and handcuffed. The British activist managed to escape detention, whilst Sven was blindfolded and forced to kneel on the ground.

One Israeli soldier purposefully pushed Sven’s face in dirty water before taking him behind a military jeep and repeatedly kicking him in the ribs. Ahmad was also beaten after his arrest and received injuries to his knee. The British activist received a similar assault before escaping detention.

During the arrests, Israeli soldiers fired live ammunition into the air, and on several occasions pointed their rifles at protesters’ faces.

Sven and Ahmad were blindfolded for 3 hours and were driven to an Israeli military base. While they were blindfolded, Israeli forces attempted to intimidate and frighten the activists by pointing guns in their faces.

At the military base Sven was told he was a “terrorist” and was arrested because he “threw stones”.

Sven is committed to non-violent resistance and during this particular demonstration, no stones were thrown.

Both activists were taken to a ‘medical’ room in the military base where their blindfolds were briefly removed, although their handcuffs remained. Sven told the Israeli soldiers that he had a headache after being unable to see for such a long period of time, and also that his ribs were sore due to the beating he received after his arrest. According to Sven this information was noted down although Israeli forces did nothing to assist with his pain. During this time in the medical room, many Israeli soldiers entered and took pictures of both Sven and Ahmad using their mobile phones.

Ahmad and Sven were then blindfolded again and driven to a police station in the illegal settlement of Ariel, neither activist was given any information with regard to where they were being taken or allowed to contact legal representation. During this drive Israeli forces stopped the car, tightened Ahmad’s blindfold and stole a camera from Sven’s bag, using it to take pictures of the two blindfolded men.

When they arrived at Ariel, Sven was finally informed of the three charges against him, assaulting an Israeli soldier, attempting to steal a rifle from a soldier and blocking a highway and therefore ‘”endangering” lives (however at no moment was anyone blocking the main highway, activists were gathered at the side of the road). The same charges were also given to Ahmad and are completely fabricated for both activists.

Sven and Ahmad spent the night in Ariel police station along with five other Palestinian prisoners. The light was kept on all night with Israeli forces constantly entering the cell, ensuring that none of the prisoners were able to sleep. At one point Sven was woken by a police officer and told he would have court in the morning.

Under Israeli law internationals must be taken before a judge within 24 hours.

In the morning of the 19th, Sven repeatedly asked when he would be transferred for his court hearing and he was ignored by Israeli police. At this point neither Sven nor Ahmad were allowed to contact legal representation. Ahmad also requested to speak to his lawyer and was told that unless he gave information about the demonstration he would not be allowed to contact anyone.

At 5pm, Sven was transferred from Ariel police station to a terminal at Ben Gurion airport. He was never taken before a judge and was instead asked to sign a piece of paper saying he agreed to be deported to Germany, although he has been living in Switzerland for the last 4 years.

Sven refused to sign unless he was allowed to speak to legal representation. Finally he was allowed to make a phone call, though was unable to get through to his lawyer and therefore unwilling to sign the document.

Sven was transferred to a prison in Ramle, near Tel Aviv, which is where he currently resides. He is expected to be deported on Thursday. When Sven left the illegal settlement of Ariel, Ahmad was still imprisoned. He has now been transferred to Hadarim prison in Netanya and should attend Salem court within the next few days. However he has still not been allowed to contact his lawyer, the first time Ahmad will speak to him will be when he is taken before a judge.

When Sven is deported this week, he will be the third international activist in less than two weeks to be arrested and deported by Israeli forces.  Vincent Mainville and Fabio Theodule were arrested on the 8th January and deported a week later. Their arrest was ruled illegal by an Israeli court in Jerusalem, although this did not stop their transfer to the immigration center.

Photo by ISM

Photo by ISM

Photo by ISM

January 20, 2014 Posted by | Civil Liberties, Ethnic Cleansing, Racism, Zionism, Subjugation - Torture | , , , , , , , | Comments Off on Peaceful protest ends in deportation and imprisonment

Lebanon: March 14 Christians on Shaky Ground With Hariri

By Maysam Rizk | Al-Akhbar | January 20, 2014

Lebanon’s March 14 Christians are banding together in an attempt to pressure former Prime Minister Saad Hariri about the government. However, their game will be over very soon. According to March 14 sources, “March 14 Christians are used by Hariri to fuel his battles then sacrificed when a settlement is reached.”

The smile on Lebanese Forces leader Samir Geagea’s face was not enough to convince French presidential envoy Emmanuel Bon that the situation is well. Geagea stressed that Hariri would never join Hezbollah in one government. Yet no matter how hard Geagea attempts to show confidence in his relationship with Hariri, he will never manage to cover up their discords.

Geagea remarked, “We are still in the stage of deliberations and negotiations regarding the government,” perhaps not noticing that Hariri announced from The Hague his willingness to join Hezbollah in the government.

MP Sami Gemayel spoke to Geagea via telephone for 15 minutes, assuring him that Kataeb will boycott the government, even if Hariri participates. He expressed his support for Geagea’s position favoring a neutral cabinet. Sami later announced, “We are not concerned with the nature of the government. What matters is its agenda.” Perhaps Sami had heard about Hariri’s positive attitude before the rest of Lebanese, hence his taking a middle ground.

Former minister Boutros Harb seemed ready to overcome the tensions that emerged between the Lebanese Forces and March 14 independent figures following the debate over the infamous Orthodox Electoral Law. Due to Hariri’s “concessions,” Harb now sees his alliance with the Lebanese Forces as the only available option to confront Hariri’s waiving of March 14 demands, mainly Hezbollah’s withdrawal from Syria.

At the peak of the confrontation, Hariri left his allies blundering. According to leaked information, Hariri’s statements on the sidelines of the Special Tribunal for Lebanon show “he is holding negotiations with the opposite side while his allies are in a whole different place.” Some March 14 sources even stressed that Hariri is going to participate in the upcoming cabinet “even if his allies refuse to join him.”

Hariri is willing to drop his Christian-Muslim partnership, and “March 14 will no longer be united.” Sources confirmed that Hariri cannot be part of any compromise regarding the government unless he receives a Saudi order.

March 14 Christian sources said, “There has been no Saudi password. Riyadh left the decision to its people in Lebanon so they do what they deem suitable. Hence, Hariri is seeking his own interests, not those of his alliance! Despite all that, some in Geagea’s and Gemayel’s circles still believe that Hariri negotiators are trying to reach a compromise that would include the Baabda Declaration in the government statement and would omit the word ‘resistance’ in order to gain leverage against Hezbollah.”

The Christian wing of March 14 is counting on “Sunni politicians to continue what Maronite politicians started in their policies against Syrian and Iranian hegemonies,” said a source. They hope Hariri “will change his mind about joining a government with Hezbollah if the party doesn’t return to the state and comply with all conditions.”

Geagea didn’t make any “loud statement” concerning Hariri’s latest remarks, neither did Gemayel, Harb, or anyone who sees himself as future president. These politicians are seeking to “buy time and announce positions that they can concede to Hariri when the time comes.”

Some March 14 Christians are convinced that “Hariri is not very pleased with his alliance with Geagea and Gemayel. Even though they all shared a common political position in 2005, Hariri still believes that he naturally belongs alongside Nabih Berri and MP Walid Jumblatt, whom his father used to reach compromises with.”

January 20, 2014 Posted by | Aletho News | , , , | Comments Off on Lebanon: March 14 Christians on Shaky Ground With Hariri

US, Israel aim to divide and conquer Middle East

By Brandon Martinez | Press TV | January 20, 2014

In a recent broadcast, MSNBC’s Chris Hayes denounced the sordid attempts of 16 leading Democratic lawmakers who, under the influence of the Israeli lobby, are pushing to impose new economic sanctions on Iran, which is designed to sabotage Obama’s rapprochement with the Islamic Republic.

Although this condemnation of the Zionist lobby’s implacable warmongering is admirable, in the strictly confined discourse we see on the mainstream media presenters of this caliber refuse to state the obvious, which is that the United States has no right whatsoever to tell any country what to do on any matter, either foreign or domestic. Economic sanctions are an act of war, yet the US has imposed crippling economic sanctions on dozens of countries around the world, strangling the life out of them like a deadly python suffocating its victims.

The US has utilized sanctions to neuter nations that are not compliant with Washington’s hegemonic agenda. In turn, Washington is driven by Israel’s imperial desire to subjugate its foes, keeping them weak and divided. Using America as its proxy, Israel aims to fragment and destabilize the Arab/Muslim world.

In 1980 the US backed Saddam Hussein’s invasion of Iran. They provided him with material and diplomatic support. They gave him weapons and intelligence assistance. When it became apparent that Iran was going to win that war, the US dispatched a war ship off the coast of Iran called the USS Vincennes. On July 3, 1988, the Vincennes deliberately shot down an Iranian civilian airplane, killing all 290 passengers, including 66 children. This act of state-sponsored terrorism was a “message” from Washington designed to intimidate the Iranians into entering peace talks with a nearly defeated Saddam, instead of seeing the war out to the bitter end. The US has never apologized for this act of barbarism.

The Iran-Iraq war was part and parcel of the US-Israeli divide and conquer strategy in the Middle East. In 1982 an Israeli geo-political thinker named Oded Yinon penned a report entitled “A Strategy for Israel in the Nineteen Eighties.” In the document Yinon outlined a diabolical scheme whereby Israel would neutralize its adversaries by instigating internal ethnic and religious conflicts in the Arab/Muslim world. Yinon called for the dissolution of the Arab states surrounding Israel. He envisioned the break up of countries like Iran, Iraq, Syria, Lebanon and Jordan into smaller, weaker statelets, thereby undermining their ability to resist Israeli domination.

“In the short run it is Iraqi power which constitutes the greatest threat to Israel. An Iraqi-Iranian war will tear Iraq apart and cause its downfall at home even before it is able to organize a struggle on a wide front against us,” Yinon wrote. “Every kind of inter-Arab confrontation,” he continued, “will assist us in the short run and will shorten the way to the more important aim of breaking up Iraq into denominations as in Syria and in Lebanon.”

Skipping ahead to 1991, Iraq entered into another conflict, this time with Kuwait. The US gave Saddam Hussein the green light to invade Kuwait, and then stabbed its ally in the back. America’s entry into that conflict was predicated on a monstrous lie. Tom Lantos, a Jewish-American congressman from California, spearheaded the effort to galvanize public opinion behind an American intervention in the Iraqi-Kuwaiti territorial dispute. He set up a “human rights” front group called the “Congressional Human Rights Foundation.” Working in cahoots with the public relations firm Hill & Knowlton, Lantos put on a televised hearing where several people claiming to be “witnesses” to Iraqi atrocities in Kuwait gave testimony.

The star witness was a 15-year-old Kuwaiti girl who appeared at the hearing under the assumed name “Nayirah.” She gave a tearful testimony about how she saw Iraqi troops enter a hospital in Kuwait City, whereupon they removed hundreds of babies from their incubators, leaving them to die on the cold floor. “While I was there, I saw the Iraqi soldiers come into the hospital with guns, and go into the room where . . . babies were in incubators. They took the babies out of the incubators, took the incubators, and left the children to die on the cold floor,” she said.

The story spread like wildfire across the mass media and President George H. W. Bush trumpeted it from the Oval Office pulpit. Soon after the atrocity story reached critical mass, the US deployed warplanes and ground troops to “punish” Saddam. American forces killed tens of thousands of Iraqis in the war.

Some time after that war, the incubator babies atrocity story was exposed as an out-and-out hoax. “Nayirah” and her compatriots posing as downtrodden victims of Iraqi aggression were all actors reading from a script prepared for them by the public relations firm Hill & Knowlton. Nayirah was the daughter of Kuwait’s ambassador to the US, Saud Nasir al-Sabah, and she had lived in the US most of her life. She was never even in Kuwait when Saddam invaded.

Tom Lantos’ propaganda production helped push America into a war for Israel’s interests. The second US war against Iraq in 2003, which was also based upon malicious lies about Saddam’s non-existent “weapons of mass destruction,” was similarly engineered by Zionists to facilitate the removal of the Iraqi “threat” to Israeli power. “Why would Iraq attack America or use nuclear weapons against us? I’ll tell you what I think the real threat (is) and actually has been since 1990 — it’s the threat against Israel,” said Philip Zelikow, a former Bush administration insider.

In 1996 several leading neoconservatives wrote a strategy paper for Benjamin Netanyahu’s Likud regime entitled “A Clean Break: A New Strategy for Securing the Realm.” In the report they talked about “rolling back Syria” and argued that deposing Saddam Hussein in Iraq was “an important Israeli strategic objective.” Among the authors of the dastardly document were the Israel-first partisans Richard Perle, Douglas Feith and David Wurmser, all of whom became high-ranking members of the Bush administration in 2003, leading the drive for a war against Iraq.

Shortly before the 2003 invasion, the Israel-first champion Tom Lantos assured his Israeli counterparts that Saddam Hussein would soon be ousted and an US/Israeli-backed puppet dictator would be installed in his place. “You won’t have any problem with Saddam,” the Jewish congressman told MK Colette Avital of Israel’s Labour Party. “We’ll be rid of the bastard soon enough. And in his place we’ll install a pro-Western dictator, who will be good for us and for you.”

In 1996 Madeline Albright, the former secretary of state under Bill Clinton, unveiled her utter inhumanity on a CBS News 60 Minutes broadcast. When informed that the genocidal US economic sanctions imposed on Iraq after the 1991 [Persian] Gulf War caused the deaths of 500,000 Iraqi children, Albright remarked that it was “worth the price.” In that twelve-year period from 1991 to 2003 more than a million Iraqi children as well as hundreds of thousands of Iraqi men and women died as a result of US sanctions.

Alongside Israel’s political leaders, Israeli religious leaders were jubilant at the prospect of Iraq’s demise. Yona Metzger, Israel’s chief Ashkenazi rabbi, thanked President Bush for invading Iraq and killing millions of Iraqis. “I want to thank you for your support of Israel and in particular for waging a war against Iraq,” the rabbi told President Bush in a brief verbal exchange at Ben-Gurion airport.

Believing their war of annihilation against the Arab/Muslim world is sanctioned by god, the Jewish-Zionist elite of Israel and the United States will stop at nothing to bring doom upon millions of innocent people who stand in the way of their grandiose dream of a “Greater Israel.” In 1962 Israel’s first Prime Minister David Ben-Gurion made a striking prediction. He candidly outlined his vision of the future, forecasting that the nations of the world would become “united in a world alliance, at whose disposal will be an international police force. All armies will be abolished, and there will be no more wars.”

He further declared that in Jerusalem “the United Nations … will build a Shrine of the Prophets to serve the federated union of all continents; this will be the seat of the Supreme Court of Mankind, to settle all controversies among the federated continents, as prophesied by Isaiah.” Ben-Gurion also once remarked that the ideals of the United Nations are consistent with Jewish ideals. “We consider that the United Nations’ ideal is a Jewish ideal,” he said.

In his eerie presage Ben-Gurion referenced the Jewish prophet Isaiah. The book of Isaiah in the Old Testament of the Bible contains some interesting passages that illuminate the supremacist mindset of Ben-Gurion and his co-religionists. Isaiah 60:5 says, “Ye shalt also suck the milk of the Gentiles, and shalt suck the breast of kings.” Isaiah 61:5 speaks of how “Strangers will shepherd your flocks; foreigners will work your fields and vineyards.” Isaiah 60:5 explains how “The wealth on the seas will be brought to you, to you the riches of the nations will come.” “And you will be called priests of the LORD, you will be named ministers of our God. You will feed on the wealth of nations, and in their riches you will boast,” it says in Isaiah 61:6.

Isaiah 60:12 decrees the destruction of nations not subservient to the chosen people: “For the nation or kingdom that will not serve you will perish; it will be utterly ruined.” Isaiah 49:23 foresees kings and queens becoming slaves of the chosenites: “Kings will be your foster fathers, and their queens your nursing mothers. They will bow down before you with their faces to the ground; they will lick the dust at your feet.”

“For thou art an holy people unto the LORD thy God: the LORD thy God hath chosen thee to be a special people unto himself, above all people that are upon the face of the earth,” it says in the book of Deuteronomy (7:6). Driven by religious fanaticism and ethnic chauvinism, the Jewish Zionists and their puppets are pursuing mad policies that will only cause bloodshed and misery.

It is now up to people with a conscience, however many there are left in the world, to recognize this evil for what it is and confront it with the truth.

Brandon Martinez is a freelance writer in Canada with a specialty in foreign policy and international affairs.

January 20, 2014 Posted by | Deception, Timeless or most popular, War Crimes, Wars for Israel | , , , , , , , | Comments Off on US, Israel aim to divide and conquer Middle East

UN invites Iran to Geneva II

BRICS Post | January 20, 2014

The United Nations formally extended an invitation for Iran to attend the Geneva II Syria Peace Summit to be held later this week, much to the surprise of US officials and the chagrin of opposition forces fighting to remove the Damascus government.

Echoing previous statements from BRICS officials that Iran’s presence at the talks is pivotal, UN Secretary-General Ban Ki-Moon told reporters, “I believe strongly that Iran needs to be part of the solution to the Syrian crisis,” he added.

Last week, Russian Foreign Minister Sergei Lavrov said during a joint press conference with US Secretary of State John Kerry that Iran’s role was important.

“[The] presence of Saudi Arabia, Iran [are] necessary at the Geneva-2 talks on Syria, it’s obvious for Russia… We’ve called for the [opposition] National Coalition to work with other oppositional groups: the delegation should be truly representative,” said Lavrov.

China has also supported Iran’s participation in the Syria peace talks.

“Proper resolution of the Syria issue will be impossible without the participation and support of regional countries, especially countries with leverage over concerned parties in Syria,” Chinese Foreign Ministry Spokeswoman Hua Chunying has previously said.

But according to the US State Department, Iran has to comply with a central condition before it can attend the Syria peace talks.

Spokeswoman Jen Psaki said in a statement that Iran has not yet accepted the tenets of the Geneva I communique in 2012 which call for a “transitional body to govern Syria” by the mutual consent of all the summit participants.

Iranian diplomatic officials have assured the UN that they will play a constructive role in the talks, the Secretary-General said.

Iran’s participation has for nearly a year been a source of contention between Russia and the US and has been a partial reason that the peace talks have been repeatedly delayed.

Late on Sunday, Syria’s largest anti-Assad opposition bloc said it was angered by Ban’s announcement and threatened to withdraw from participating in the Geneva II talks on January 22.

According to Reuters, quoting National Coalition spokesperson Louay Safi on Twitter, “The Syrian Coalition announces that they will withdraw their attendance in Geneva 2 unless Ban Ki-moon retracts Iran’s invitation”.

Syria analyst Camille Otrakji, however, says there is no substitute to Iran’s participation in the Geneva II talks because of the influence it wields in the region.

“Russia and Iran must help in pressuring the regime to accept to maintain control on foreign policy and national security matters, while giving up power to a government that is formed by a coalition of parties that manage to win a majority of monitored and free parliamentary elections,” he writes.

January 20, 2014 Posted by | Aletho News | , , | Comments Off on UN invites Iran to Geneva II

UK to spend $6.5 bln on military drones

Voice of Russia | January 19, 2014

Britain announced its plans to spend more than $6.5 billion to purchase 657 military drones, the Sunday People reports. It includes 10 Reaper MQ-9s, which are armed with Hellfire ­missiles plus laser-guided 500lb bombs and can hover 20,000ft above targets for more than 20 hours.

According to the publication, Reapers could be operated 3,500 miles away from Afghanistan’s warzones by a two-man crew. Yet, most of the drones will be unarmed and constructed for spy or fly recce missions.

A Freedom of Information request found the biggest number of UK drones are the 324 Black Hornet Nano micro-helicopters, ­only four inches long and an inch wide (100x25mm). They fly over insurgent ­strongholds to film and take pictures. Then there are 222 Desert Hawks, plastic spy-drones with a 4ft 3in ­wingspan (1.3m).

For tougher operations, 54 Watchkeepers can stay aloft for 17 hours. Nine more are due in service soon to ­replace ­ageing Hermes 450s. By ­contrast 30 Tarantula Hawks weigh just 20lbs apiece and are used as recce aides by bomb-disposal teams in Afghanistan.

Lastly there are eight ScanEagles, a specialist drone being used in the ­campaign against Somali pirates.

Drones are likely to make up a third of all RAF working aircraft by 2030 but human rights groups fear they could be used to spy on the innocent public.

Although using unmanned aircraft in military operations is criticized by many people all over the world, the UK keeps on saying that drones are an effective weapon and should be used more in the foreseeable future.

Despite critics’ claims that drones often kill civilians, the UK says that only one civilian was killed as a result of 459 missile strikes from its unmanned Reaper aircraft in Afghanistan.

January 20, 2014 Posted by | Civil Liberties, Militarism | , , , | Comments Off on UK to spend $6.5 bln on military drones

Iran may spend unfrozen oil money on plane parts: Official

Press TV – January 19, 2014

Iran is likely to spend oil funds, expected to be unfrozen with the implementation of its nuclear deal with world powers, for aircraft and car spare parts, an Iranian deputy oil minister says.

Ali Majedi made the remarks in an interview with The Wall Street Journal as Iran’s nuclear accord with the Sextet of world powers is to take effect on Monday.

He said Iran may spend its oil money, currently stuck in foreign banks, on machinery and spare parts for aircraft and automotive industries.

World powers are set to ease sanctions on Iran under last November’s interim nuclear accord.

The sanctions relief is targeted at Iran’s aircraft, automotive and petrochemical industries. Billions of dollars in oil revenues will be also unfrozen.

Majedi said unfreezing Iran’s petrodollars opens “a new window of cooperation with the Europeans and the US.”

The official said Iran may also consider buying stocks in Asian refineries in a bid to strike long-term oil sale contracts.

“With sanctions, it’s difficult. We are trying to be ready” for the time when sanctions on Iran’s oil are lifted, said Majedi.

On January 12, Iran and the Sextet of world powers finalized an agreement to start implementing the Geneva nuclear deal from January 20. The accord is aimed at setting the stage for the full resolution of the West’s decade-old standoff with Tehran over its nuclear energy program.

Under the nuclear deal, the European Union will suspend 2012 sanctions against insuring and transporting Iranian crude oil.

The EU will also suspend embargoes on gold, precious metals and petrochemical products and raise the ceiling on financial transfers not related to remaining sanctions.

If everything takes place according to the plan, as of Monday, EU companies will be authorized to insure or transport Iranian crude oil to Tehran’s major customers, China, India, Japan, Korea, Turkey and Taiwan.

January 20, 2014 Posted by | Economics, Wars for Israel | , , | Comments Off on Iran may spend unfrozen oil money on plane parts: Official