U.S. Treasury approved questionable deals with countries on terror lists

December 24, 2010

(ChattahBox US News) – In another case of ‘do as I say, not as I do,’ the US government has granted special licenses allowing American companies to do billions of dollars in business with Iran and other countries blacklisted over the past decade, despite sanctions and trade embargoes.  The NY Times said it found 10,000 licenses were approved by the Treasury’s Office of Foreign Assets Control, because they were deemed to serve U.S. foreign policy goals.  According to the Times report, the recipients of these licenses included Kraft Foods, Pepsi and some of the largest U.S. banks.

Under federal law, U.S. companies can trade with blacklisted countries if the Treasury approves the transactions as medical or humanitarian necessities, especially in relieving famine.  But the examination also found cases in which the humanitarian or foreign policy benefits were not clear, like selling popcorn, chewing gum, cigarettes and body-building supplements.  It cited one instance in which a U.S. company was permitted to bid on a pipeline job that would have helped Iran sell natural gas to Europe, contrary to stated policy.   Treasury officials noted that the permitted trade was inconsequential compared with the broad scope of U.S. sanctions, however the general sentiment of the Times story is that these special deals undermine America’s leadership of tough sanctions on Iran, North Korea and other nations


2 Responses to “U.S. Treasury approved questionable deals with countries on terror lists”

  1. Nikos Retsos on December 24th, 2010 3:38 pm

    The licenses the U.S. Treasury is issuing to U.S. companies to do business with hostile and sanctioned by the U.S. regimes are the Trojan Horses to infiltrate their territory clandestinely for the purpose of monitoring, supporting, helping opponents of the regime, and establishing subversion networks without rising suspicions. It will be more difficult, and much less effective if the U.S. had to do it through third parties, say, hiring and training Turks or Indians and then assigning with the consent of their Turkish and Indian companies to
    do the job. Clandestine operations take many forms, and involves agents of various nationalities that blend in nicely. And the global economy has made commerce the best Trojan Horse
    since Troy. Are our enemies clueless about? Of course not. But as the recent arrest of 9 sleeper Russiann agents proved, undercover operations are constantly evolving and harder to

    During the invasion of Afghanistan, the CIA went around with briefcases stuffed with $250.000 and asked warlords and tribal chiefs for their goodwill cooperation – and the briefcase was their as a gift. If they refused, afraid of Taliban revenge, a U.S. aircraft came later and dropped a 500 bomb 500 yards from the warlord’s home! The CIA came back the next day, and re-made the $250.000 offer, plus a guarantee that their houses won’t be bombed! The CIA offer was then happily -read, scarily- accepted! But that cannot be done in Iran, North Korea, Myammar, Belarus, etc,.

    The late Chinese statesman, Deng Xiaoping, once said: “I don’t care if the cat is white or black, as long as it catches mice.” And if the U.S. Treasury exemptions help the objectives
    of the U.S. foreign policy, and help U.S. companies make money at the same time from our enemies, then we would be foolish not to issue those licences. And sanctions is not only a punishing tool, but also an opportunity to limit the options of the sanctioned regime, and open new opportunities to subvert and weaken it. Let the licenses roll! Nikos Retsos, retired professor

  2. JosephConrad on December 27th, 2010 7:09 am

    Oversight of the Issuing the licenses was as effective as the voting process in America – Corrupt, self-serving,self-aggrandizing and avaricious. As for threatening nations with ‘punishment’ and ‘sanctions’ or no doing as it says, US has been doing such since the passage of the Monroe Doctrine adn continues to so to this day. The Wealthiest Old White Male .5%-ERS must perpetuate their Wealth, Power and Control and violence and manipulaion through ‘threats’- continue to be the most effective means of achiving their objective.

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