Switzerland Orders Israel to Pay $1.1 Billion to Iran

Switzerland’s highest court has ordered Israel to pay Iran around $1.1 billion plus interest in a decades-old dispute over a secretive oil pipeline company predating the 1979 Islamic revolution which made the countries enemies.

The Swiss Federal Tribunal rejected an appeal, citing lack of due process, against an arbitration ruling last year. The verdict, dated June 27, was available on the Lausanne court’s website.

It also awarded Iran 450,000 Swiss francs ($461,302) in court costs and lawyer fees.

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Russia opens way to missile deliveries to Iran, starts oil-for-goods swap

Obama’s ‘deal’ with Iran, giving them everything it wanted without restriction, is driving Israel into a corner where it will either have to strike or be struck. Now that the S-300 air defenses for Iran will be rolling in, the window of opportunity for successful first-strike capability is closing fast.

 

(Reuters) – Russia paved the way on Monday for missile system deliveries to Iran and started an oil-for-goods swap, signaling that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehran.

The moves come after world powers, including Russia, reached an interim deal with Iran this month on curbing its nuclear program.

The Kremlin said President Vladimir Putin signed a decree ending a self-imposed ban on delivering the S-300 anti-missile rocket system to Iran, removing a major irritant between the two after Moscow canceled a corresponding contract in 2010 under pressure from the West. Continue reading

Iran After Sanctions: An Emerging Economy Giant?

An Iranian nuclear agreement could be an economic game changer.

A final agreement is yet to be signed.  But for the first time in the decade-and-a-half-long Iranian nuclear negotiations we may have a viable deal on our hands.  By and large, the international community, including Pope Francis, has welcomed the recently announced Joint Comprehensive Plan of Action (JCPA) framework agreement, which marked the culmination of days-long, grueling 11th-hour haggling in Lausanne, Switzerland. Continue reading

Swiss war game envisages invasion by bankrupt French

Hordes of bankrupt French invade Switzerland to get their hands on their “stolen” money — such is the imaginary scenario cooked up by the Swiss military in simulations revealed over the weekend.

Carried out in August, the apparently outlandish army exercise was based on the premise of an attack by a financially stricken France split into warring regions, according to Matin Dimanche, the Lausanne-based daily. Continue reading