MEPs decry Iran human rights abuses

Iranian opposition President Maryam Rajavi. (Supplied)
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Updated 06 July 2021
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MEPs decry Iran human rights abuses

  • 63 members of European Parliament urge EU to ‘address yearning of Iranian people for freedom, democracy’

LONDON: Dozens of members of the European Parliament (MEPs) have released a statement condemning human rights abuses in Iran, calling for further sanctions and urging the EU to “address the yearning of the Iranian people for freedom and democracy.”

The 63 MEPs said they “have deep concerns about the ongoing human rights violations in Iran,” adding: “The failure of the UN and the international community to address the alarming  human rights situation, including the massacre of 30,000 political prisoners in 1988, has emboldened the mullahs and led to further deterioration.”
They praised the EU’s decision to sanction members of Iran’s ruling elite following a deadly crackdown on protests in November 2019 as a “step in the right direction,” but said it should be followed by “other necessary measures.”
The MEPs specifically highlighted the plight of women in Iran.
“Under President (Hassan) Rouhani’s tenure, 118 women have been executed, making Iran the No. 1 one executioner of women in the world,” the statement said.
“Iranian women have spearheaded all protests and courageously countered all suppressive measures against them, and we stand by them.”
The MEPs said the EU should focus on supporting the demands of the Iranian people. “During nationwide protests over the past few years, the Iranian people have clearly rejected (the) current dictatorship and expressed their desire for genuine change, an outcome that remains in the hands of the Iranian people and their resistance movement,” they added.

BACKGROUND

The members of the European Parliament said they espouse a nuclear-free, democratic Iran that refrains from endorsing and planning terrorism abroad — ideals endorsed by the National Council of Resistance of Iran, led by President-elect Maryam Rajavi.

The MEPs said they espouse a nuclear-free, democratic Iran that refrains from endorsing and planning terrorism abroad — ideals endorsed by the National Council of Resistance of Iran, led by President-elect Maryam Rajavi.
“The 10-point plan outlined by the Iranian opposition President Maryam Rajavi, first presented by her in the Council of Europe and the European Parliament, calling for a democratic republic based on free and fair elections …  and a non-nuclear Iran, deserves our support,” the MEPs added.
“We call on the EU to adopt a firm policy on Iran, to give priority to human rights, and to hold to account those responsible for human rights violations and terrorism.”
They urged the EU to use its new European Magnitsky Act, which allows the bloc to “freeze assets and impose travel bans on individuals involved in serious human rights abuses,” to sanction the Iranian leadership.
The statement did not name Iran’s new President Ebrahim Raisi. But if the EU chooses to employ the Magnitsky Act to impose sanctions, given his well-publicized role in the 1988 massacres of political prisoners, Raisi could well be in the bloc’s economic firing line.


Saudi Arabia’s foreign reserves rise to a 6-year high of $475bn

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Saudi Arabia’s foreign reserves rise to a 6-year high of $475bn

RIYADH: Saudi Arabia’s foreign reserves climbed 3 percent month on month in January to SR1.78 trillion, up SR58.7 billion ($15.6 billion) from December and marking a six-year high.

On an annual basis, the Saudi Central Bank’s net foreign assets rose by 10 percent, equivalent to SR155.8 billion, according to data from the Saudi Central Bank, Argaam reported.

The reserve assets, a crucial indicator of economic stability and external financial strength, comprise several key components.

According to the central bank, also known as SAMA, the Kingdom’s reserves include foreign securities, foreign currency, and bank deposits, as well as its reserve position at the International Monetary Fund, Special Drawing Rights, and monetary gold.

The rise in reserves underscores the strength and liquidity of the Kingdom’s financial position and aligns with Saudi Arabia’s goal of strengthening its financial safety net as it advances economic diversification under Vision 2030.

The value of foreign currency reserves, which represent approximately 95 percent of the total holdings, increased by about 10 percent during January 2026 compared to the same month in 2025, reaching SR1.68 trillion.

The value of the reserve at the IMF increased by 9 percent to reach SR13.1 billion.

Meanwhile, SDRs rose by 5 percent during the period to reach SR80.5 billion.

The Kingdom’s gold reserves remained stable at SR1.62 billion, the same level it has maintained since January 2008.

Saudi Arabia’s foreign reserve assets saw a monthly rise of 5 percent in November, climbing to SR1.74 trillion, according to the Kingdom’s central bank.

Overall, the continued advancement in reserve assets highlights the strength of Saudi Arabia’s fiscal and monetary buffers. These resources support the national currency, help maintain financial system stability, and enhance the country’s ability to navigate global economic volatility.

The sustained accumulation of foreign reserves is a critical pillar of the Kingdom’s economic stability. It directly reinforces investor confidence in the riyal’s peg to the US dollar, a foundational monetary policy, by providing SAMA with ample resources to defend the currency if needed.

Furthermore, this financial buffer enhances the nation’s sovereign credit profile, lowers national borrowing costs, and provides essential fiscal space to navigate global economic volatility while continuing to fund its ambitious Vision 2030 transformation agenda.