Exclusive: Khamenei's business empire gains from Iran sanctions relief




 
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Exclusive: Khamenei's business empire gains from Iran sanctions relief
 
January 23rd, 2014  
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Topic: Exclusive: Khamenei's business empire gains from Iran sanctions relief


Exclusive: Khamenei's business empire gains from Iran sanctions relief
One of the chief beneficiaries of this week's easing of Iranian sanctions is the country's ruler - Supreme Leader Ayatollah Ali Khamenei. Khamenei controls a massive business empire known as Setad that has invested in Iran's petrochemical industry, which is now permitted to resume exports. Under a six-month deal between Iran and world powers, Tehran has promised to scale back its nuclear development program in exchange for the suspension of certain economic sanctions, including curbs on the export of petrochemicals. On Monday, the day the suspension of the restrictions took effect, the U.S. Treasury Department published a list of 14 Iranian petrochemical companies that previously had been sanctioned but are now permitted to do business abroad.




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