Susan Rice Invests In Companies Doing Business In Iran
Today, The Washington Post reports that Susan Rice has investments with companies that do business in Iran, raising questions among both Republicans and Democrats. According to her 2011 Public Financial Disclosure Report, Susan Rice and her husband have investments in multiple companies which conducted business in Iran. Even Democrats acknowledge her investments would be an issue should she be nominated for Secretary of State.
Rice Invested In Companies With Billion Dollar Deals With Iran
Rice Holds Between $50,000 And $100,000 Of Stock In The International Oil Giant Royal Dutch Shell Which “Owes Iran About $1 Billion.” “One of the biggest of the holdings, between $50,000 and $100,000, according to Rice’s disclosure statement for 2011, is Royal Dutch Shell. The international oil giant stopped buying crude oil from Iran early this year as sanctions were tightened to block oil exports by Iran and to stop financial transactions with its central bank. A company spokesman said officials dealing with Iran could not be reached, but a person familiar with the company, speaking on the condition of anonymity because of a lack of authorization to discuss the topic, said Royal Dutch Shell owes Iran about $1 billion. (Steven Mufson and Tom Hamburger, “Rice Holds Stakes In Firms That Have Done Business In Iran,” The Washington Post , 11/29/12)
Rice Holds Between $15,000 And $50,000 Of Stock In The Italian International Oil Company ENI Which Received A “Waiver From Sanctions To Enable It To Collect Oil As Payment For About $1 Billion Iran Owes The Company.” “Rice and her husband also own between $15,000 and $50,000 of stock in ENI, the Italian international oil company. ENI has said that it is no longer doing business with Iran, but it has a waiver from sanctions to enable it to collect oil as payment for about $1 billion Iran owes the company from earlier business deals. The company had been purchasing crude oil and developing natural gas fields.” (Steven Mufson and Tom Hamburger, “Rice Holds Stakes In Firms That Have Done Business In Iran,” The Washington Post , 11/29/12)
Even Democrats Question Rice’s Investments
Democrat Staffers Said Rice’s Investments “Would Prompt Questions Of Her If She Is Nominated.” “On Thursday, Republicans on Capitol Hill began circulating information about Rice’s investments connected to Iran. Asked about the disclosure revelations, one senior GOP official, speaking on the condition of anonymity because he wasn’t authorized to discuss the topic, said, ‘This news adds to the list of questions about Susan Rice – not only her public statements, but now there are broader concerns about her past record.’ Democratic staffers also said on condition of anonymity for the same reason that the investments would prompt questions of her if she is nominated.” (Steven Mufson and Tom Hamburger, “Rice Holds Stakes In Firms That Have Done Business In Iran,” The Washington Post , 11/29/12)