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Lodestar

(2,388 posts)
Thu May 21, 2015, 09:20 AM May 2015

Israel rejects Swiss court ruling to pay Iran $1bn in oil debts from Shah's era

Israel has declared that it will not pay a $1.1bn (£650m) debt to Iran over the sale and shipment of the Islamic Republic's oil despite being ordered to do so by a Swiss court.

The Swiss court found that Israel had not compensated the Islamic Republic for a pre-1979 Islamic revolution deal that involved the sale and shipping of Iranian oil through an Israeli port.

At the time, Israel and Iran were allies against their Arab neighbours. However, after the rise of the Ayatollahs, Iran adopted a hard line against the Jewish state, saying it should be wiped off the face of the Earth.

Tehran has also provided Hamas, in the Gaza Strip, and Hezbollah, in Lebanon, with billions of dollars worth of financial and military aid.

Israel said on 20 May that it will not pay the debt to the Iranians. "Without referring to the matter at hand, we'll note that according to the Trading with the Enemy Act it is forbidden to transfer money to the enemy, including the Iranian national oil company," the Finance Ministry statement said.

Read More - http://www.ibtimes.co.uk/israel-rejects-swiss-court-ruling-pay-iran-1bn-oil-debts-shahs-era-1502249

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Israel rejects Swiss court ruling to pay Iran $1bn in oil debts from Shah's era (Original Post) Lodestar May 2015 OP
As money is fungible, no_hypocrisy May 2015 #1
Swiss people decide this? why is that? ...nt quadrature May 2015 #2
I don't know, but I would hope that it would avebury May 2015 #3
UMM, err,,, the court is trying to make money for itself quadrature May 2015 #4
What a distorted story starroute May 2015 #5

no_hypocrisy

(46,104 posts)
1. As money is fungible,
Thu May 21, 2015, 11:13 AM
May 2015

our U.S. tax dollars will indirectly go to Iran to pay Israel's debt through our annual state aid to it.

avebury

(10,952 posts)
3. I don't know, but I would hope that it would
Fri May 22, 2015, 07:22 AM
May 2015

be a neutral court able to review the documents and give a ruling without being in bed with one side or the other.

If the ruling is an accurate reflection of what took place, no wonder Israel gets along to well with the Republicans. It would be similar to the idea of a large corporations stiffing someone on a debt owed.

 

quadrature

(2,049 posts)
4. UMM, err,,, the court is trying to make money for itself
Fri May 22, 2015, 04:51 PM
May 2015

my other post was rhetorical.

the Swiss have no business here.
they are slimeballs.

starroute

(12,977 posts)
5. What a distorted story
Sun May 24, 2015, 09:26 PM
May 2015

Israel and Iran were on pretty good terms throughout the 1980s. Israel pushed for the Iran-Contra deal. The two countries sometimes saw themselves as fellow non-Arab nations bracketing the Middle East and having interests in common.

It was only after the US smashed Iraq in the first Gulf War -- and the support of the George H.W. Bush administration for Israel began to flag -- that the Israelis invented an Iranian threat as a way of justifying continued US military support.

In addition, the speech in which Ahmadinejad suggested that the Israeli regime "must vanish from the pages of time" wasn't until 2005. (There was never any threat to wipe Israel off the map. That was a heavily slanted mistranslation.)

So the attempt in this story to imply that Israel and Iran have been enemies since 1979 and that Iran has been threatening to wipe Israel off the map for the last 36 years is grotesquely misstated.


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