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UANI Calls on U.S., EU to Reject Royal Dutch Shell Scheme to Repatriate Iranian Oil Money Through Grain Deal

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NEW YORK--(BUSINESS WIRE)--

United Against Nuclear Iran (UANI) CEO, Ambassador Mark D. Wallace, issued the following statement Friday in response to reports that Royal Dutch Shell is seeking to circumvent international sanctions and repay its $1.4 billion oil debt to Iran by having the U.S. agribusiness conglomerate Cargill ship Iran the equivalent amount of grain:

The U.S. and EU must not approve Royal Dutch Shell's scheme to repay its oil debt to Iran by way of a grain shipment from Cargill. Although we support humanitarian shipments to Iran, Shell is simply trying to repatriate oil wealth to the regime and circumvent sanctions. Such a transaction is not humanitarian, and is incompatible with the current international sanctions against Iran.

Companies around the world must see that Iran is closed for business, not that there are ways to maintain it. The very point of imposing a banking blockade against Iran is to make companies and the regime unable to move their profits in and out of the country.

Any company that does business in Iran is exposing itself to serious financial risks and difficulties, given the international community's attempts to isolate the regime and the collapse of the rial. That Iran's illegitimately-earned profits remain stuck in another country is not a problem the U.S. or EU should be responsible for solving.

United Against Nuclear Iran
Nathan Carleton, 212-554-3296
press@uani.com

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