Wednesday, October 20th | 15 Heshvan 5782

December 11, 2013 10:48 am

Report: Iran May Receive $20 Billion in Sanctions Relief, Tripling Stated Figures

avatar by

U.S. Secretary of State John Kerry shakes hands with Iranian Foreign Minister Javad Zarif. Photo: U.S. Department of State.

JNS.orgSenior Obama Administration officials are admitting that the interim nuclear deal between Iran and world powers may give the Islamic Republic sanctions relief that is three times as large as figures announced in official statements, Haaretz reported Wednesday.

While the U.S. has said Iran will receive about $7 billion in sanctions relief, Haaretz cited security sources in Israel who said the relief could actually amount to $20 billion.

“Economics is a matter of expectations. The Iranian stock exchange is already rising significantly and many countries are standing in line to renew economic ties with Iran based on what was already agreed in Geneva,” said the sources, noting China’s desire to renew $9 billion in contracts for the development of Iranian oil industry.

“In any case, [the sanctions relief is] about 20 or 25 billion dollars. Even the Americans understand this,” the sources said.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.