Canada Sanctions Iran, Chooses Principle Over Profit

By Bradley Martin, Originally posted in The New York Observer

With the recent rapprochement between the P5+1 and Iran, it seems as though Western nations will stand to profit greatly from lifting the crippling economic sanctions leveled against the Islamic Republic. According to The Economist, the lobbies of Tehran’s more expensive hotels are “alive with Westerners jostling for deals” with the arrival of numerous trade delegations. The first of which was led by German Vice-Chancellor Sigmar Gabriel, who took a group of executives to Tehran on July 18th.

This nuclear deal comes as much-welcomed relief for Iran, since roughly $150 billion in Iranian currency will be unfrozen. But what really sweetens it for Iran is that inspections of their nuclear facilities will be made much more difficult and their capacity to build a nuclear bomb will remain unchallenged. As noted by Caroline Glick of The Jerusalem Post, the US and its negotiating partners will now be required to protect Iran’s nuclear assets as well as teach Iran how to develop and use more advanced centrifuges.

Continue reading in The New York Observer…

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