20 percent of the Iraqi economy

https://www.state.gov/secretary/remarks/2019/04/291144.htm

The second piece of that has been to identify the other great threat, which is the Islamic Republic of Iran, which remains the largest sponsor of terror, who has supported Lebanese Hizballah, has supported Hizballah’s actions in Syria. The Shia militias under the stranglehold of the ayatollah who are working in Iraq aren’t working for the best interests of the Iraqi people. You see what’s happened in Yemen – an enormous – an enormous humanitarian crisis. The UN did good work in Stockholm to reach an agreement, but the Iranians won’t let the Houthis actually implement the Stockholm agreement. So the second piece of this is to convince Iran it’s not in their best interest to continue to foment terror and engage in malign activity all throughout the Middle East.

So a – so the next step down from that is how do you do it. One of the pieces of that is our sanctions effort. We have lots of efforts apart from that. With respect to the designation, which actually came into effect just this week, some – the unclassified – some 20 percent of the Iraqi economy is controlled by the IRGC. So my wisdom for those of you who are connected to companies that might be doing business with them or if you’re the general counsel for a European bank that’s doing business with a company that might have a 20 percent shareholder, the IRGC, is you should check your work.

 

Michael R. Pompeo
Secretary of State
Texas A&M University
College Station, Texas
April 15, 2019

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