What side are these Hindus on? RT with the bad news… we know what side Russia Today is on though. The Ron Paul side.
(CARL)In a bid to circumvent Western sanctions, India has agreed to purchase Iranian oil using gold instead of dollars, and China is likely to follow suit. Between the two of them, India and China account for 40% of Iranian oil sales. The EU, which agreed on Monday to gradually place an embargo on Iranian oil, accounts for 20% of Iranian oil sales.
Let’s go to the videotape.DEBKA adds (Hat Tip: Will):
Iran’s second largest customer after China, India purchases around $12 billion a year’s worth of Iranian crude, or about 12 percent of its consumption. Delhi is to execute its transactions, according to our sources, through two state-owned banks: the Calcutta-based UCO Bank, whose board of directors is made up of Indian government and Reserve Bank of India representatives; and Halk Bankasi (Peoples Bank), Turkey’s seventh largest bank which is owned by the government.
An Indian delegation visited Tehran last week to discuss payment options in view of the new sanctions. The two sides were reported to have agreed that payment for the oil purchased would be partly in yen and partly in rupees. The switch to gold was kept dark.
What could go wrong?
We wonder why Anne Frank’s name has been used to promote terrorism,,, well this is why.
In Iran, those sanctions that are designed to stop the country’s nuclear program are going just great according to the International Monetary Fund. The economy grew at a rate of 3.2% in 2010-11. That’s a better rate than the United States….
The International Monetary Fund gave a rosy portrayal of Iran’s economy in a report issued Wednesday, saying it grew by 3.2 % in 2011, contradicting its earlier assessment and surprising Iran analysts who contend that the economy is shrinking.
and the punchline: Take my President please!
22 July ’11
I’d like to add to Michael’s excellent reasons for why Israel shouldn’t apologize to Turkey about last year’s raid on a Turkish-sponsored flotilla to Gaza. As Michael noted, apologizing won’t restore the strategic alliance, because Turkey has made a strategic foreign-policy choice that precludes alliance with Israel. But apologizing wouldn’t merely be ineffective, it would be downright harmful – to both of Israel’s stated goals.
First, Israel wants to improve relations with Turkey. But by proving that Prime Minister Recep Tayyip Erdogan’s bullying tactics work – that Ankara can actively undermine every Israeli interest while promoting vicious anti-Israel sentiment at home, and Israel will still come crawling –apologizing will ensure more of the same.
Erdogan openly supports Hamas, which he insists isn’t a terrorist organization; his government actively backed last year’s flotilla, and he now plans a state visit to Gaza. He worked to block UN sanctions on Iran, then undermined them by boosting Turkey’s gasoline exports to Tehran. He reportedly promised arms to Hezbollah. He insisted that NATO’s planned missile-defense system not give Israel information on Iran. He deemed Israel’s 2009 war with Hamas in Gaza worse than the genocide in Darfur.
He also foments anti-Israel sentiment at home. An Israeli theater was forced to cancel an appearance in Turkey after Ankara said it wouldn’t stop radical Islamists from disrupting the performance. Israel cyclists were barred from an international bike race in Turkey because Syria and Iraq said their teams wouldn’t participate if Israel did. A Turkish-Israeli concert for religious tolerance was canceled after IHH, the viciously anti-Israel group behind the flotilla, insisted. As Turkish columnist Burak Bekdil noted, these and many similar incidents aren’t coincidental; they reflect “the systematic injection of Islamist sentiments about Israel into the minds of younger, ordinary Turks, especially in the past two and a half years” of Erdogan’s reign.
By apologizing, Israel would essentially say that none of the above precludes Turkey from being a valued ally. And if so, not only would Erdogan have no incentive to change his behavior, neither would any of his successors.
Yet Israel also has a second goal: sparing its soldiers facing legal action over the nine Turks killed in the raid. Its attorney general is thus reportedly pushing for an apology, bizarrely claiming this would preclude civil or criminal suits.
In reality, however, an Israeli admission of culpability – the only kind of apology Turkey would accept (it repeatedly rejected Israel’s offer to express mere “regret”) – would make legal action more likely. Absent such an admission, Israel has a strong case: A UN report due out later this month reportedly concluded that Israel’s blockade of Gaza was legal, that it had the right to intercept the flotilla and that its soldiers opened fire in self-defense, though it also found they used excessive force. But once Israel admits culpability, it has no case. And even if Ankara promises not to pursue legal action itself, it can’t stop flotilla passengers or their relatives from doing so –which, since most belonged to IHH, they presumably would.
In short, apologizing would undermine Israel’s own interests twice over. It’s high time for Jerusalem to recognize that the clock on Turkey can’t be turned back.
Turkish Foreign Minister Ahmet Davutoğlu (L)
meets with his Iranian counterpart, Ali Akbar Salehi,
in Urmia. AA photo.
“The most significant existing relationship between Iran and the Turkish financial system is through the Bank Mellat branches in Turkey,” David Cohen, acting undersecretary for Terrorism and Financial Intelligence, told the Hürriyet Daily News & Economic Review on Tuesday. via hudson-ny.org
“Our prime minister has set a target of $30 billion in annual trade with Iran. That is why we are opening this border crossing,” Turkish Foreign Minister Ahmet Davutoğlu said Saturday. “We are announcing to the world that Turkey and Iran will be friends for eternity.” via hurriyetdailynews.comMe wonders how much those biz contacts with Iran are worth when Turkey needs a loan.Hardly a model of Democracy for the region to follow. If you want Democracy the world needs to learn from the good business people who have a healthy economy in Israel
Israel believes Turkey is actively helping Iran to sidestep economic sanctions and has also turned a blind eye to Iranian weapons smuggling into Syria, according to leaked US diplomatic cables published on Friday.
Citing documents obtained by WikiLeaks, Haaretz said senior Israeli officials had told the United States that Turkey was moving ever-closer to Iran because it needed Iranian energy supplies and because it was revising its global strategy.
Hezbollah would be able to strike Tel Aviv directly from an arsenal of more than 20,000 missiles a recent WikiLeaks cable revealed to the Israeli press by WikiLeaks founder Julian Assange.
During Joint Political Military Group meeting in November 2009, Israeli intelligence officials told their US counterparts that “Hezbollah was preparing for a long conflict with Israel in which it hopes to launch a massive number of rockets at Israel per day,” with plans to send “400-600 rockets and missiles…per day, 100 of which will be aimed at Tel Aviv.”
Tel Aviv’s mayor Ron Holdai responded to the claim that Hezbollah could slam the city with sustained rocket fire during the Tel Aviv Marathon, saying “we live in Israel, and we have threats made to us all the time. If something were to happen we could cope,” Israel Radio reported.