October 5, 2009

CORPORATIONS HAVE NO SOUL:

Black Market Shows Iran Can Adapt to Sanctions (CHARLIE SAVAGE and MARK LANDLER, 10/05/09, NY Times)

[A]s the focus on sanctions intensifies, a review of the United States’ experiences in enforcing its own longstanding restrictions on trade with Iran suggests it would be difficult to truly quarantine the Iranian economy.

Black market networks have sprouted up all over the globe to circumvent the sanctions. A typical embargo-busting scheme was detailed in a plea agreement filed in federal court here on Sept. 24, the day before Mr. Obama and European allies announced the existence of a previously undisclosed Iranian nuclear enrichment facility near Qum.

In the court filings, a Dutch aviation services company and its owner admitted that they had illegally funneled American aircraft and electronics components to Iran from 2005 to 2007.

Posted by Orrin Judd at October 5, 2009 2:24 PM
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