BREAKING: New Iran Deal Lets Russia Cash in on $10 Billion Contract To Build Nuke Sites — Biden admin will waive sanctions so Russia's top energy firm can build contested Iranian nuke plant, enriching Moscow even as Ukraine sanctions bite t.co/imW59BRXTY
— Adam Kredo (@Kredo0) March 16, 2022
New Iran Agreement Lets Russia Cash $10 Billion Contract To Build Nuclear Sites
Sanctions Evasion Hub for Putin
Russia’s top state energy company is set to cash in on a $10 billion contract to build out one of Iran’s most contested nuclear sites as part of concessions granted in the soon-to-be-announced nuclear agreement.
Russian and Iranian documents translated for the Washington Free Beacon show that Rosatom, Russia’s leading energy company, has a $10 billion contract with Iran’s atomic energy organization to expand Tehran’s Bushehr nuclear plant. Russia and Biden confirmed on Tuesday that the new nuclear agreement includes carveouts that will waive sanctions on both countries so that Russia can make good on this contract.
“We, of course, would not sanction Russian participation in nuclear projects that are part of resuming full implementation of the JCPOA,” State Department spokesman Ned Price confirmed on Tuesday, referring to the original 2015 nuclear accord. Russia’s foreign ministry made a similar statement on Tuesday, saying that “additions were made to the text of the future agreement on JCPOA restoration to ensure that all the JCPOA-related projects, [especially] with Russian participation, as well as Bushehr [nuclear power plant], are protected from negative impact of anti-Russian restrictions” by the United States and European Union.