Devil Soul
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US slaps new sanctions on Iran
Submitted 28 mins ago
Thwarted internationally, the Obama administration cobbled together a new set of best-available sanctions against Iran on Monday that underlined its limited capacity to force Tehran to halt its suspected nuclear weapons program. The U.S. action was coordinated with Britain and Canada, but not with countries such as Russia and China that have far greater economic investments in the Islamic republic. The American sanctions target Irans oil and petrochemicals industry and Iranian companies involved in nuclear procurement or enrichment activity. The U.S. also declared Irans banking system a center for money laundering designed as a stern warning to financial institutions around the world to think twice before doing business with Tehran. President Barack Obama said Iran had a choice: come clean on its nuclear program and reap the benefits of closer economic cooperation with the world, or face even more pressure.
US slaps new sanctions on Iran | Pakistan | News | Newspaper | Daily | English | Online
---------- Post added at 12:42 PM ---------- Previous post was at 12:41 PM ----------
Russia says new US sanctions on Iran unacceptable
Reuters (21 minutes ago) Today
MOSCOW: Russia dismissed new U.S. sanctions targeting Iran’s financial and energy sectors as “unacceptable” on Tuesday and said they would hurt the chances of renewing talks with Tehran over its nuclear programme.
A sharply worded Russian statement underscored Moscow’s longstanding opposition to sanctions beyond those endorsed by the United Nations Security Council, where Russia holds veto power as a permanent member.
“We again underline that the Russian Federation considers such extraterritorial measures unacceptable and contradictory to international law,” Foreign Ministry spokesman Alexander Lukashevich said in the statement.
It indicated that despite agreement last week on a U.N. nuclear agency board resolution that expressed increasing concern about Iran’s nuclear programme, Russia differs sharply with the West on how to win Tehran’s cooperation.
“Such practices … seriously complicate efforts for constructive dialogue with Tehran,” Lukashevich said.
The United States, which fears Tehran’s nuclear programme is aimed at developing atomic weapons, named Iran on Monday as an area of “primary money laundering concern” in a step designed to dissuade non-U.S. banks from dealing with it.
It also blacklisted 11 entities suspected of aiding Iran’s nuclear programme, which Tehran says is meant for peaceful purposes including power generation, and expanded sanctions to target companies that aid its oil and petrochemical industries.
Submitted 28 mins ago
Thwarted internationally, the Obama administration cobbled together a new set of best-available sanctions against Iran on Monday that underlined its limited capacity to force Tehran to halt its suspected nuclear weapons program. The U.S. action was coordinated with Britain and Canada, but not with countries such as Russia and China that have far greater economic investments in the Islamic republic. The American sanctions target Irans oil and petrochemicals industry and Iranian companies involved in nuclear procurement or enrichment activity. The U.S. also declared Irans banking system a center for money laundering designed as a stern warning to financial institutions around the world to think twice before doing business with Tehran. President Barack Obama said Iran had a choice: come clean on its nuclear program and reap the benefits of closer economic cooperation with the world, or face even more pressure.
US slaps new sanctions on Iran | Pakistan | News | Newspaper | Daily | English | Online
---------- Post added at 12:42 PM ---------- Previous post was at 12:41 PM ----------
Russia says new US sanctions on Iran unacceptable
Reuters (21 minutes ago) Today
MOSCOW: Russia dismissed new U.S. sanctions targeting Iran’s financial and energy sectors as “unacceptable” on Tuesday and said they would hurt the chances of renewing talks with Tehran over its nuclear programme.
A sharply worded Russian statement underscored Moscow’s longstanding opposition to sanctions beyond those endorsed by the United Nations Security Council, where Russia holds veto power as a permanent member.
“We again underline that the Russian Federation considers such extraterritorial measures unacceptable and contradictory to international law,” Foreign Ministry spokesman Alexander Lukashevich said in the statement.
It indicated that despite agreement last week on a U.N. nuclear agency board resolution that expressed increasing concern about Iran’s nuclear programme, Russia differs sharply with the West on how to win Tehran’s cooperation.
“Such practices … seriously complicate efforts for constructive dialogue with Tehran,” Lukashevich said.
The United States, which fears Tehran’s nuclear programme is aimed at developing atomic weapons, named Iran on Monday as an area of “primary money laundering concern” in a step designed to dissuade non-U.S. banks from dealing with it.
It also blacklisted 11 entities suspected of aiding Iran’s nuclear programme, which Tehran says is meant for peaceful purposes including power generation, and expanded sanctions to target companies that aid its oil and petrochemical industries.
