Daily Archives: 8 May 2014

All Two of Them

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The IAEA is planning to visit two—count them—Iranian nuclear…sites. Naturally, IRNA, the government-run Islamic Republic News Agency is touting this as fulfilling “a series of demands made by the United Nations nuclear watchdog.”

But of course. We won’t mention all the other sites that Iran won’t let the IAEA visit, much less inspect thoroughly, on this trip. It’s a toothless watchdog, anyway.

Aspects of the visits include

[a] visit [to] a uranium mine and a uranium-thickening facility in central Iranian towns of Ardakan and Yazd on Monday and Tuesday.

And

“Following the visit, Iran will be able to say that the seven agreed measures between Iran and the agency have fulfilled,” [Atomic Energy Organization of Iran Spokesman Behrouz] Kamalvandi said. “Already six steps have been taken.”

Never mind the advanced notice of such “inspections,” during which Iran can manipulate what will be allowed to be seen.

Never mind, either, that even after the “seven agreed measures” there continues to be no discernible effect on Iran’s progress toward nuclear weapons.

The visits, and their predecessors, all take place in a carefully choreographed sequence, with equally set timing, all under Iran’s control. Of course the goodies are being equally carefully choreographed so as to remain hidden from fundamentally incurious UN eyes.

Economic Fears and War

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It would seem that European fears of the damage done by properly thorough economic sanctions against Russia for its invasion and occupation/partition of Ukraine might be overblown. As has been suggested before.

French bank Société Générale SA said Wednesday that a €525 million ($731.26 million) write-down on its Russian business pushed first-quarter net profit down 13%, while Carlsberg A/S and Imperial Tobacco Group PLC both said that falling sales in Russia and a weak ruble had cut profit and would weigh on revenue for the remainder of the year.

“Net profit down,” “cut profit.” Sounds like profits remain. Pretty small potatoes in some circles of sacrifice. That 13% drop for Société Générale, by the way, is to €315 million ($438.76 million) from €364 ($507). The pain…. And

Russia today accounts for only about 5% of the group’s total revenue….

The “damage” done Carlsberg and Imperial Tobacco is similar.

It’s true enough that Europe’s energy enterprises—especially Germany’s—that depend on Russian oil and gas will be hit harder, as well as those enterprises’ customers. But this is a wakeup call concerning the wisdom of depending on an aggressive and territorially acquisitive Russia for much of anything.

It’s an easily enough remedied situation, too, if time consuming.