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January 19, 2016 3:09 pm

Kerry Says ‘Massive Needs’ of Iran’s Economy Including Debt to China May Total $500 Billion

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U.S. Secretary of State John Kerry, pictured, suggested that the Obama administration could simply bypass the new visa rules for Iran. Photo: State Dept.

U.S. Secretary of State John Kerry. Photo: State Dept.

Secretary of State John Kerry pushed back on Monday against critics of the Iran nuclear deal who say it frees up to $150 billion in frozen financial assets for Tehran to use however it pleases, saying the amount hovers more at about $55 billion.

“I keep hearing on television and elsewhere this $100 billion, $150 billion,” he said. “It is not. It’s not $100 billion, it’s not $150 billion. There is about $55 billion over time that will go to the Iranians,” he said.

The secretary of state, who struck the deal with his Iranian counterpart, Javad Zarif, along with negotiators from the UK, France, Russia, China and Germany in July, said Iran still had a major debt “to the Chinese, debt to other countries and so forth.”

“And so there’s much less” than $150 billion, he explained.

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The secretary of state also implied that much of the frozen funds would be directed toward infrastructure, both in Iran’s oil industry and for civic projects.

“They have needs somewhere in the vicinity well up into $500 billion,” he said, “to renew their oil extraction capacity and for other things on infrastructure. They have massive amounts of needs.”

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  • Linda Golden

    I really don’t care about their needs John Kerry, I care about the needs of Americans who have to decide at the end of the month if they should pay for food or medicine because they cannot afford both. I care about American children who have not been getting the education they deserve, I care about our infrastructure … Bridges that need repair, roads that need repair, schools that are old an unsafe for our children. So the Iranians owe China…so what! We do too. Iran is run by evil mullahs that keep their people oppressed through torture, jail and an oppressive culture of religious fanaticism. The Iran deal was bad for all of us, but you will be out of office by the time you figure that out, and will just shrug your shoulders and say “who knew”?

  • E Pluribus Wombat

    Is he suggesting Americans pay for that too?

  • Markus Elkana Brajtman

    Hay.
    John Kerry, you idiot, liar, who gave in to every demand of Iran, with nothing in return

    I hope that after the Demas are thrown out of government, that the GOP will arrest Kerry for what he has done

    He has put the world in danger to allow the worst terrorist state (Iran) to de as they please and to give them money to supply all the terrorists with money to build up their arsenal to try to destroy Israel..
    I hope and pray the Saudi Arabia, Egypt, Jordan, and Israel will form a united military to stop Iran from causing a possible WW3

  • Jonah

    What! You did not include paying off China’s debt in the overall Iranian deal. If it’s not in the fine print you and Obama are probably working on an amendment. How can you sell it to the 1/3 of the American people who can still think? You will get them to release the CIA gent. That’s brilliant only genious’ of the caliber of Obama and Kerry could conjure up such brilliant ideas.

  • Kerry is the devil’s handmaden. Has been since the Viet Nam War. His record shows how repugnant he really is. The Iran Deal will go down in the history of the World and show what a spine-less jellyfish he has been and is today. 80 percent of America or more would not give Iran the sweat off of a pigs arse. It is still a bad deal.

  • I can’t help but get the feeling that Kerry would have us pay their indebtedness.

  • Ephraim

    And the reason this antisemite cares about Iran is? If Iran looked after its own people instead of building nuclear weapons and being the largest supporter of international terrorism, it just might have enough money to look after their people and improve their economy. Ever consider that? This is worse than trying to bail out the Mafia’s economy.

  • Isaac Brajtman

    If they had spent the money they use on their missile research and development, they would have been able to clear their debts.
    I suppose that genius Kerry hasn’t thought of that
    Anyhow, whose side is he on?

  • Luigi Rosolin

    If the article is correct and Secretary of State Mr John Kerry is right from the Chinese had help them during the sanction by give credit to them logically must got some return. Like destabilization of the region as Iran is supporting a few terrorist group for the west martir for the ultra Islamic. So is acceptable the risk taken to trust Iran Islamic leadership? Only time will tell if PM Benjamin fear are justified. Certainly the west cannot accuse other of human crime as had been also committed by all nation’s one more or less. That Iran, Saudi Arabia and other middle east are distancing himself from ISIL is good and hope that Russia, USA, EU and UN will work closely to stop the genocide not only in Syria, Iraq, Afghanistan but also like in North Africa were Islamic extremist are killing especially infidel! Our PM Malcolm Turnbull and conservative are certainly titubant to send ground troops without the EU commit himself to contribute to peace effect and so stopping the genocide and exodus. Also USA should ensure to stop the illicit selling of arm to developer countries as did for a long time, with other nations logically.

    • Luigi Rosolin

      Correction!!! If the article is correct and Secretary of State Mr John Kerry is right. Iran had been help by Chinese during the sanction, by given credit, logically must got some return. Like destabilization of the region as Iran is supporting a few terrorist group for the west martir for the ultra Islamic. So is acceptable the risk taken to trust Iran Islamic leadership? Only time will tell if PM Benjamin fear are justified. Certainly the west cannot accuse other of human crime as had been also committed by all nation’s one more or less. That Iran, Saudi Arabia and other middle east are distancing himself from ISIL is good and hope that Russia, USA, EU and UN will work closely to stop the genocide not only in Syria, Iraq, Afghanistan but also like in North Africa were Islamic extremist are killing especially infidel! Our PM Malcolm Turnbull and conservative are certainly titubant to send ground troops without the EU commit himself to contribute to peace effect and so stopping the genocide and exodus. Also USA should ensure to stop the illicit selling of arm to developed countries as did for a long time, with other nations logically.

  • yael taubman

    Mr. Kerry, if you really think any of this money is going to the Iranian people you are dumber than I thought. Yes they have massive needs, like food and clothing and homes, but you can bet your ass it will go to subsidize the proxy wars and supply all the enemies of Israel. You ae the biggest jerk that ever served, except for Hilliary. Go to hell.

  • Philip

    Kerry is such and unbelievable dick. Surely he could not say anything I could believe. Yes, of course he knows what the crazies over there will do with the money. He a fool and a duo!

  • stevenl

    I am going to cry. Perhaps the Obama Adm can print the rest.
    1/2 trillion wasted in terrorism!

  • Dragos Nanu

    No wonder he is trying to ease the release of the money to Iran.
    Kerry is not only in conflict of interest when negotiating the Iran’s deal with his in-laws but a traitor.
    This money even if used in oil extraction will ultimately produce more funds for Iran’s government discretionary spending. There is no doubt where this money will go: intervention in other countries affairs, terrorism and nuclear arms development.

  • Chris Rettenmoser

    Hopefully Iran will follow Kerrys fate next year !

  • ART

    Watch Obama Kerry try to lend $400billion to Iran as a good faith maybe we can help pay off their Chinese debt or underwrite some arms purchases

  • Esther Kaplan

    Iran has debts and that is our obligation? Am I reading this wrong? John Kerry is the worst
    of the bad politicians. He spits out the word Israel as though it is poison on his tongue and cheerfully imperils that country by gathering the viper Iran to his breast. What a mess we are in–and we have Obama and Kerry to blame. What a pair.

  • Mickey Oberman

    I guess Kerry is as bad at arithmetic as he is at bargaining.

    Where does the US breed all these losers? Death Valley?

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