After reports revealed that the Biden administration, following in the footsteps of the Obama-Biden administration in its dealings with the despotic Iranian regime, agreed on Tuesday to create groups working to reenter the Iranian nuclear deal (JCPOA) and thus allow American businesses to do business with Iran again, former U.N. Ambassador Nikki Haley, blasted the Biden administration for encouraging investment in the world’s largest state sponsor of terrorism while simultaneously urging a boycott of the state of Georgia.
Haley tweeted, “Biden wants to give the green light for American companies to invest in Iran… the world’s largest state sponsor of terrorism. Yet, he’s telling them to boycott Georgia… Someone should remind him that he works FOR the American people.”
Biden wants to give the green light for American companies to invest in Iran… the world's largest state sponsor of terrorism.
Yet, he's telling them to boycott Georgia…
Someone should remind him that he works FOR the American people.https://t.co/tnelMMhirv
— Nikki Haley (@NikkiHaley) April 7, 2021
Haley said in February of the Biden administration’s intent to rejoin the Iran nuclear deal:
This is truly dangerous. You look at the fact that they’re looking at getting back into the Iran deal. What does that mean? That means you’re going to lift all the sanctions that we’ve put on Iran. The sanctions that we put on them weakened them in terms of they weren’t able to fund terrorism and weakened their economy so much that they got the Iranian people demonstrating in the streets against the regime. That’s what we wanted.
You’re going to jump back into the Iran deal but you’re not going to ask then to leave Syria; you’re not going to ask them to stop their nuclear program; you’re not going to them to stop their missile program; you’re not going to ask them to stop funding terrorism and you’re going top get back into a deal — and that’s literally Obama 2.0. That’s going right back to the same situation … what you have is the Biden administration snubbing our friends like Israel but they’re cozying up to enemies like Iran.
Haley has stated, “The radical Iranian regime’s destabilizing behavior, sponsorship of terrorism, and violations of multiple UN resolutions continues to threaten not only the Middle East, but the entire world. I saw the threat Iran poses first-hand at the United Nations. It is vital for us to work together to ensure that Iran never has nuclear weapons.”
Haley’s tweet about Biden, Iran and Georgia followed a report in The New York Times which stated, “In a meeting of the current members of the deal in Vienna, all parties agreed to establish one working group to focus on how to get the United States back to the deal by lifting harsh economic sanctions imposed or reimposed after President Donald J. Trump pulled out of the accord in May 2018. President Biden has vowed to bring the United States back into the deal, which would mean removing the 1,600 or so sanctions imposed on Iran after Mr. Trump pulled out of an accord that he regarded as too weak and tried to bring Iran to renegotiate through economic pressure.”
Iran’s deputy foreign minister Abbas Araghchi stated that removing U.S. sanctions would be “the first and most necessary step in reviving the J.C.P.O.A. The Islamic Republic of Iran is fully ready to stop its retaliation nuclear activity and return to its full commitments as soon as U.S. sanctions are lifted and verified.”
Trump’s sanctions on Iran had a profoundly deleterious impact on Iran’s economy, which would possibly have led to the demise of the theocratic Iranian regime. CNBC reported in March that Iran’s economy contracted an estimated 4.99% in 2020, having shrunk since 2017 after growing 12.5% in 2016 after the nuclear deal was signed.
Elliott Abrams, the former U.S. special representative for Iran, stated, “There are billions of dollars sitting in banks in Iraq and China and South Korea … that Iran cannot get its hands on due to the sanctions.” CNBC added, “According to IMF estimates, the Islamic Republic’s oil exports are expected to continue falling in 2021. Exports and imports both fell sharply after the sanctions were reimposed. Besides oil, Iran’s industrial metals, a large source of the country’s export revenue, were also sanctioned.”
CNBC added, “IMF estimates suggest Iran fell into a trade deficit of $3.45 billion in 2020. The country had a trade surplus of $6.11 billion in 2019, according to the IMF.”
The IMF projected an unemployment rate 12.4% in 2021.
Abrams concluded, ‘“But once you’ve gone back to the JCPOA, you have lifted most of the significant economic sanctions. Therefore, you have eliminated most of your leverage to get Iran to agree to these additional things that it does not want … to agree to and I don’t see why it would agree at that point.”