Young Shia Muslims to Fight Its War in Syria
The administration is also ratcheting up its campaign of economic pressure, ending a 1955 treaty with Iran that made exceptions for sanctions on certain products, and warning that after it reinstates some of the United States’ harshest sanctions against Iran in November, it will pursue additional, “tougher” sanctions. The Trump administration has already imposed seventeen rounds of Iran-related sanctions, targeting 147 Iran-related individuals and entities, aimed at coercing the country into abandoning its regional activities.
On October 16, the U.S. Department of Treasury imposed sanctions on a multibillion-dollar financial network that supports the Basij Resistance Force, a paramilitary group which it says recruits and trains child soldiers for Iran’s Islamic Revolutionary Guards Corps (IRGC) to support efforts to prop up the Assad regime, among other malign activities. Tehran was quick to label the move an act of “blind vindictiveness” of the sort that “obstruct the people’s ability to benefit from economic relations with the international community.” The evidence does not suggest, however, that the financial network in question, “Bonyad Taavon Basij” or Basij Cooperative Foundation, in any way benefits the Iranian people.
According to Treasury’s analysis , the Basij Cooperative Foundation employs shell companies to “mask Basij ownership and control over a variety of multibillion-dollar business interests in Iran’s automotive, mining, metals, and banking industries.” By design, the IRGC and Basij are insulated from economic pressure on Iran thanks to external funding from networks of Iran-aligned intermediaries. In addition to their nationally allocated budget ($7.65 billion publicly disclosed for Iranian fiscal year 2017), the IRGC and Basij reportedly accumulate funds through interest-free financial institutions such as Mehr Eqtesad Bank and Bank Mellat (targeted by the new sanctions), which both pay the equivalent of hundreds of millions of dollars annually to the Basij Cooperative Foundation in the forms of dividends, loans and lines of credit, which in turn provide welfare, housing and support to Basij Force members. Basij financial institutions also used their funds to purchase companies through Mehr Eqtesad Iranian Investment Company, which creates a lifeline between the Basij Force and the most lucrative Iranian industries.
Read More: National Interest
Iran Briefing | News Press Focus on Human Rights Violation by IRGC, Iran Human Rights
Aug 09, 2020 Comments Off on Iran, Iraq resume trade via Shalamcheh border
Aug 09, 2020 Comments Off on Iran: The MEK’ Resilience Could be an Existential Threat to the Clerical Regime
Aug 09, 2020 Comments Off on Gov’t ready to help knowledge-based companies working for COVID-19 medicine, vaccines: President Rouhani
Aug 08, 2020 Comments Off on Iranian Envoy Condoles Lebanese Counterpart in Moscow over Beirut Blast
Jul 25, 2020 Comments Off on ‘Flagrant violation’: Iran protests US jet approach at UN
Jul 24, 2020 Comments Off on Blackbaud Hack: Universities lose data to ransomware attack
Jul 22, 2020 Comments Off on Ayatollah Khamenei Hints Iran Yet to Strike ‘Reciprocal Blow’ Against US Over Soleimani Killing
Jul 05, 2020 Comments Off on Sorry, Russia: Iran is Building Their Own Domestic Tanks Now
Jul 25, 2020 Comments Off on ‘Flagrant violation’: Iran protests US jet approach at UNIran has protested the “flagrant violation” of international law to the United Nations after it said United States fighter jets sparked panic on an Iranian passenger plane over Syria. ...
Jul 22, 2020 Comments Off on Ayatollah Khamenei Hints Iran Yet to Strike ‘Reciprocal Blow’ Against US Over Soleimani KillingThe January 3 drone strike assassination of Revolutionary Guards Quds Force commander Qasem Soleimani in Baghdad brought Iran and the US to the brink of war, with Tehran responding with missile strikes on...
Feb 10, 2020 Comments Off on Qasem Soleimani, a hero or a terrorist?On 3rd of January a news spread in social media regarding Qasem Soleimani and AbuMahdi Mohandes who has died by a US drone strike near Baghdad Airport and this was the end of their lives. In social media, especially Iranian users, there was a chaotic situation, some called of “the general of...