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Iran: The real beneficary of sanctions. The Revolutionary Guards

The West may think it smart to impose sanctions on Iran because it continues to develop a nuclear capability, but as this piece in SpiegelOnLin points out the real beneficiaries of the embargo are Iran's Revolutionary Guards. That aside, if Israel and other countries can have nuclear weapons - and in the case of Israel keep on threatening Iran - why shouldn't the Iranians be allowed to have nuclear capacity? In any event there is still no evidence to contradict the Iranians who keep on saying they are developing their nuclear capacity for peaceful purposes.
The EU has banned oil imports from Iran to try and pressure the regime into making concessions over its controversial nuclear program. But even though the Iranian economy is suffering, Tehran is refusing to give ground. Meanwhile, the Revolutionary Guards are profiting from the sanctions.,/blockquote>
The so-called oil weapon has been part of the arsenal of international power politics ever since the 1970s. In 1973, the oil-exporting countries in the Middle East cut back daily production in a bid to force the West to abandon its support for Israel during the Yom Kippur War. Iran was among the states involved in that embargo. Now, almost four decades later, oil is again being used as a weapon -- with the roles reversed.
On Monday, European Union foreign ministers agreed to ban the import of petroleum and petrochemical products from Iran from July 1, 2012. New investments in Iranian oil companies will no longer be permitted, nor can equipment and technology necessary for the oil industry be exported to Iran any more. Financial sanctions will also be strengthened, and a large chunk of the assets of the Iranian Central Bank will be frozen. In addition, the US Treasury has put the Iranian Tejarat Bank on its blacklist. The bank was "one of Iran's few remaining access points to the international financial system," according to the department. The embargo is designed to force Tehran to abandon its nuclear program. Negotiations between Iran on one side and the group of the US, the UK, France, Germany, Russia and China on the other have been on hold for a year. Tehran's chief negotiator, Saeed Jalili, has made recognizing Iran's right to enrich uranium a precondition for a resumption of the talks.

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