1 Leader rebukes US for
being unfaithful in JCPOA
implementation
...we never get along with the US...
...our own governments and not sanctions should be taken responsible for unemployment and recession
“We don’t violate the nuclear deal at first but if the US tears it apart, we will set fire on JCPOA
Iran still has problem in banking and insurance issues and unable to repatriate oil money
Speaking to the senior government and army officials of the Islamic Republic on the occasion of the month of Ramadan, Supreme Leader Ayatollah Ali Khamenei underscored that the Islamic Republic has been complaint with its nuclear obligations, and accused the US of not fulfilling its commitments. The Leader said US’ enmity towards Islamic Republic will never end or resolved through negotiations and that “even the imagination that one day the Islamic Republic will get along with the US is a wrong perception.” “Based on the straight Quranic command, we should bolster the power of our faith, economic, defensive, scientific, political and population,” said the Leader.
Ayatollah Khamenei said as the two major problems of the country, recession and unemployment are more the result of poor performance of the current and the two previous administrations than of sanctions. He called for empowering SMEs (small and medium enterprises), developing knowledge- based companies, moving foreign investment and capital to the projects, preventing the importation of goods that have domestic equivalents, upgrading worn out systems of industries, paying due attention to the agricultural sector, replacing the export of crude with oil products, and directing the huge bank deposits towards industries as solutions to emerge the economy out of recession.
The leader said the JCPOA has both positive aspects and weakness and flaws. “The positive aspects were the points that encouraged the Islamic Republic to approach negotiations though many of them have not yet realized, and the weaknesses and flaws that we’ve always been fearful of are that the other side –who is wicked and unfaithful-- reneges on treaties.” He said there are some “loopholes” in the JCPOA that if were closed, there would be less weakness and flaws. Ayatollah Khamenei ensured that “The Islamic Republic will not violate the nuclear deal at first because keeping promise is a command in Quran but if the US presidential candidates’ threat to tear apart the deal realizes, the Islamic Republic will set fire on the JCPOA which is again a Quranic command when the other side breaches.”
Some foreign media including AFP and Reuters have speculated that this part of the leader’s remarks was addressing the recent comment of Republican candidate Donald Trump who had said that once elected, he would dismantle the deal that to him is “catastrophic.”
On the cases that he believes the US has failed to fulfill its obligation, Ayatollah Khamenei said part of sanctions have practically remained in place because the existence of primary sanctions have adversely affected the lifting of the secondary ones. Banking transaction limitations were another
Daily coverage of negotiations with foreign companies post-sanctions, latest macroeconomic data, banking and financial developments, economic events to watch...
Iran News Brief
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2 issue raised by the Leader as he said “in words and on paper they say there is no barrier in banking transactions with Iran but in practice they behave in a way that international banks are scared off from doing business with Iran.”
Similarly, said the Leader, large international insurance companies refuse to engage in deals with Iran “because Americans are members of those structures and put hurdles.” He also declared that Iran’s access to its petrodollars is still “difficult and costly” and that “the money we have in accounts overseas have not yet been repatriated because they are in US dollar and their transactions have been locked.”
Speaking to Oslo Forum on Tuesday, Minister of Foreign Affairs Javad Zarif called on the US officials to address the “psychological” aftermath of the sanctions. “I think that while on paper the US has lifted all sanctions, the psychological aftermath associated with many years of sanctions remains, and I think the US should play a more active role to remove them," he was quoted by AFP as saying.
Iran nears deal to acquire Boeing planes
The deal still needs approval and license from US Treasury
And finance limitations are still a matter to address
Abbas Akhundi: We need 500 airplanes to enhance regional competitions
Iran said it had reached an agreement with Boeing for the supply of jetliners on Tuesday, Reuters reported. This would be the biggest sale of American goods to the Islamic Republic in years. Details of the agreement were left vague, but Western and Middle East sources told Reuters that once approved, it would involve flag carrier Iran Air acquiring more than 100 Boeing jets, both directly from Boeing and from leasing companies. The Washington Post has estimated that the deal would cost $17 billion, and Abbas Akhundi, Iran’s Minister of Road & Urban Development has said details of the agreement will be released shortly.
Western and Middle East sources told Reuters that the agreement was so far only a broad outline of what a formal deal would look like once Boeing has the necessary U.S. government approvals to sell planes to Iran. So far, Boeing has only been granted permission to present its products to Iran Air and a handful of other airlines as it tries to catch up with Europe's Airbus.
"We have been engaged in discussions with Iranian airlines approved by the U.S. government about potential purchases of Boeing commercial passenger airplanes and services," a Boeing spokesman told Reuters. "We do not discuss details of ongoing conversations we are having with customers, and our standard practice is to let customers announce any agreements that are reached. Any agreements reached will be contingent on U.S. government approval."
Reuters however underscores that financing is still an issue because many banks remain reluctant to engage on fears of losing their claim to the underlying assets if sanctions are re-introduced. BOC Aviation, a Singapore- based leasing company is one of institutions that according to Reuters is in discussions with Boeing about financing part of the deal.
Speaking to the parliamentarians on Tuesday, Minister of Road & Urban Development Abbas Akhundi said that in order to enhance its competitiveness in the region, Iran’s air fleet needs 400 long and mid-range and 100 short-range planes, which requires $50 billion in investment. He said agreements for purchasing 118 Airbus have been drafted and the payments
3 will be completed in 16 years. Iranian media had earlier quoted Akhundi as saying that the deal for buying 118 jets from Airbus would cost $27 billion.
Economy minister says efforts to question govt.’s economic
performance serve political purposes
Speaking at the govt.-private sector dialogue council (which holds regular meetings between representatives of the government and private sector usually on a monthly basis), Minister of Economic Affairs & Finance disclosed the efforts made by some opponents to undermine the government just a year before the next presidential elections.
The daily Shargh wrote today that facing those opponents who try to take the incumbent government responsible for all the economic problems that the country is facing, Minister of Economic Affairs & Finance Ali Tayyebnia uncovered such plots by saying “as we draw closer to the upcoming presidential elections, some [anti-government] elements are trying to cause people to withdraw their trust from the government and prevent the administration from achieving success.” In an article titled “the economic trap of opponents for Rouhani”, Shargh argues that Tayyebnia knows well that the economic issues raised by the domestic political opponents have no legitimate economic foundation and serve only political purposes. The daily argues that the opponents try to absolve themselves from the responsibility of many economic deficiencies and make the current administration responsible for all the problems that are inherited from the former administration.
Shargh believes that the leakage of pay stubs and unconventional salary payments to senior managers of some state companies, along with publishing news on bankruptcy of renowned brands (namely Arj and Pars Electric corporations) without paying attention to the fact that their occurrence is not the fault of this administration are all politically-driven.
Shargh which is known and a pro-government reformist daily in Iran argues that contrary the proclamation of the opponents, “the tsunami of bankruptcy of Iranian industries has stopped since the Rouhani government has taken office.” The daily quoted Ali Ghanbari, the deputy minister of Agriculture as saying that the government’s opponents who themselves were responsible for laying the foundations of many economic and social problems we are facing today, do anything they can to draw people’s attention to the economic deficiencies.
