New U.S. Foreign Policy: Do What I Say, Not What I Do

U.S. Approved Business With Blacklisted Nations -- New York Times

Despite sanctions and trade embargoes, over the past decade the United States government has allowed American companies to do billions of dollars in business with Iran and other countries blacklisted as state sponsors of terrorism, an examination by The New York Times has found.

At the behest of a host of companies — from Kraft Food and Pepsi to some of the nation’s largest banks — a little-known office of the Treasury Department has granted nearly 10,000 licenses for deals involving countries that have been cast into economic purgatory, beyond the reach of American business.

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My Comment: The New York Times does not say it explicitly, but I am sure that this story has been influenced by the fallout of the Wikileaks release of U.S. diplomatic cables.

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