'US indirectly supports trade with Iran'

NY Times: Federal contract payments, grants, benefits amount to $107 billion.

March 7, 2010 09:55
1 minute read.
An IRISL container unloaded from the Francop (Arie

IRISL 190. (photo credit: Ariel Jerozolimski )

The White House indirectly paid $107 billion to companies defying its sanctions against Iran, the New York Times reported Sunday.

According to the report, records show that the US made contract payments and gave grants and other benefits over the past decade to foreign and multinational American companies that were doing business in the Islamic republic.

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The deals are reportedly continue during the current administration, but already began under the previous administration of George W. Bush.

The Times says that some of the companies are embedded in critical aspects of the Iranian economy.

The paper further reports that some of the companies are involved in Iran’s gas and oil sectors, as well as the auto industry and economic fields with close ties to the Iranian Revolutionary Guards.

One of the companies, the Times reports, supplied ship motors to IRISL, the government-owned shipping company which was specifically blacklisted by the US.

The vessel Francop, which was seized last year by the IDF Navy and contained a massive amount of munition intended to reach Hizbullah, carried containers marked with the IRISL logo.

The New York Times also says that of 74 companies identified as doing business with Iran, 49 have no intention of ceasing in the near future.

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