Crippling sanctions imposed by the United States on Iran since President Trump’s withdrawal from the nuclear deal last year have left pension funds throughout the country on the brink of collapse, according to documents reviewed by National Security Council officials and obtained by Fox News. . .
“They have fewer resources. We can see it with the Shia militias in Iraq. They’re scrambling for resources. We think the Iranian government will shrink, that their GDP will shrink by as much as 12 or 14 percent this year,” Secretary of State Mike Pompeo said on “Fox News Sunday,” speaking to the economic impact. “This will reduce their capacity to purchase the things they need, the equipment they need, the materials they need, to inflict terror around the world.”
The impact has been so severe that of the 18 existing retirement funds in Iran, 17 are in the red, according to these documents. That includes the pension funds for all of Iran’s armed forces.
As much as 80 percent of Iran’s retirement funds rely on government subsidies, which the documents refer to as unsustainable for not just pensions but for food products, drugs and fuel. . .
The details from the pressure campaign come amid reports that Trump is now considering throwing support behind a plan crafted by French President Emmanuel Macron that would extend a $15 billion line of credit to the regime in Tehran if leaders agree to come back into compliance with terms of the 2015 nuclear agreement. (Read more from “U.S. Sanctions on Iran Leave Pension Funds on Brink of Collapse” HERE)