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Speaking of Iran

Exclusive: Khamenei's Business Empire Gains from Iran Sanctions Relief

January 23, 2014
Speaking of Iran
Exclusive: Khamenei's Business Empire Gains from Iran Sanctions Relief
Exclusive: Khamenei's Business Empire Gains from Iran Sanctions Relief

REUTERS

BY STEVE STECKLOW AND BABAK DEHGHANPISHEH

(Reuters) - One of the chief beneficiaries of this week's easing of Iranian sanctions is the country's ruler - Supreme Leader Ayatollah Ali Khamenei.

Khamenei controls a massive business empire known as Setad that has invested in Iran's petrochemical industry, which is now permitted to resume exports. Under a six-month deal between Iran and world powers, Tehran has promised to scale back its nuclear development program in exchange for the suspension of certain economic sanctions, including curbs on the export of petrochemicals.

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