By Jim Emerson, staff writer
Last Thursday Iranian President Mahmoud Ahmadinejad announced the Islamic Republic was ready to renew nuclear talks with members of the UN Security council; United States, Russia, China, France and Britain, and Germany. Most likely the action was the result of the oil Embargo placed on the Islamic Nation and pressure placed on the Iranian leadership by the Russians.
Russian Foreign Minister Sergei Lavrov told the Iranian press “Russia wants a quick renewal of talks between the international community and Iran on the country’s nuclear program and supports holding the meetings in Turkey [without preconditions].”
President Ahmadinejad publicly admitted the economic sanctions placed on the country’s central bank and oil production has created hardship for the Iranian people. Oil sales account for 80% of export revenue. Since the embargo Iranians have be dumping rials (their own currency) for gold or foreign currency, fearing that their money would become worthless. This currency crisis … Continue Reading:Iran Blinked