UANI Calls on U.S., EU to Reject Royal Dutch Shell Scheme to Repatriate Iranian Oil Money Through Grain Deal

  UANI Calls on U.S., EU to Reject Royal Dutch Shell Scheme to Repatriate
  Iranian Oil Money Through Grain Deal

Business Wire

NEW YORK -- October 26, 2012

United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued the
following statement Friday in response to reports that Royal Dutch Shell is
seeking to circumvent international sanctions and repay its $1.4 billion oil
debt to Iran by having the U.S. agribusiness conglomerate Cargill ship Iran
the equivalent amount of grain:

The U.S. and EU must not approve Royal Dutch Shell’s scheme to repay its oil
debt to Iran by way of a grain shipment from Cargill. Although we support
humanitarian shipments to Iran, Shell is simply trying to repatriate oil
wealth to the regime and circumvent sanctions. Such a transaction is not
humanitarian, and is incompatible with the current international sanctions
against Iran.

Companies around the world must see that Iran is closed for business, not that
there are ways to maintain it. The very point of imposing a banking blockade
against Iran is to make companies and the regime unable to move their profits
in and out of the country.

Any company that does business in Iran is exposing itself to serious financial
risks and difficulties, given the international community’s attempts to
isolate the regime and the collapse of the rial. That Iran’s
illegitimately-earned profits remain stuck in another country is not a problem
the U.S. or EU should be responsible for solving.

Contact:

United Against Nuclear Iran
Nathan Carleton, 212-554-3296
press@uani.com
 
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