August 17, 2015 | Quote

The World is Already Weakening One of the Key ‘Checks’ on the Iran Deal

Despite the fact that the US Congress has yet to sign off on the Iranian nuclear deal, Europe appears ready to forge ahead.

Multiple European countries are already laying the groundwork for massive business opportunities in Iran.

According to The Journal, the Italian investment bank Mediobanca has signed a memorandum of understanding with Iran's Economic Ministry.

Additionally, Italian industrial firm Finmeccanica has agreed to develop a $556 million power plant with Iran's Ghadir Investment Co., a firm that has been identified as a front company for the Iranian regime by the US Treasury Department.

“The [Finmeccanica] plant deal, inked well before the [nuclear] deal even begins to be implemented, shows that U.S. sanctions can no longer deter global business from signing huge deals in Iran, even with the Supreme Leader’s business empire,” Emanuele Ottolenghi of the Foundation for the Defense of Democracies told The Journal.


Read the full article here.


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