Lachlan Markay writes in the Washington Free Beacon on The Correa-Khamenei Axis
Ecuador pumping up its relationship with Iran and Syria, experts say
Correa, who began his third term as president on Friday, reaffirmed Ecuador’s alliance with Iran.
“We would ratify it a thousand times over,” Correa said of the alliance during his inaugural address, according to a translation of the speech.
Iran’s vice president for international affairs, who attended the inauguration in an official capacity, said the two countries “have elite people and revolutionary governments and we are happy that the ‘Citizens’ Revolution’ — the slogan of Ecuador’s president — can live on,” according to a report from Iranian state-owned media.
Correa also expressed support for the regime of Syrian President Bashar al-Assad, which also sent an envoy — its former ambassador to Venezuela — to Correa’s inauguration, according to the Syrian Arab News Agency.
Iran’s relationship with Ecuador appears to be mirroring its arrangement with Venezuela, according to Joseph Humire, executive director of the Center for a Secure Free Society, who has called Ecuador “one of Iran’s largest money-laundering hubs in Latin America.”
As you may recall, The Ecuadorian Finance Co., Inc. (COFIEC), a bank that was seized a decade ago by the former Deposit Guarantee Agency (AGD) would be the legal vehicle used by the Ecuadorian state to conduct financial transactions with Iran. The purpose is to help Iran evade sanctions.
Additionally, two years ago, Deutsche Welle was reporting that Ecuador had become the new hub for international crime.