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| Syria-Lebanon-Iran |
| US, UK and Canada announce financial sanctions on Iran |
| 2011-11-21 |
| New sanctions announced by Clinton place Iran’s Central Bank between cross-hairs, building on already-existing American restrictions against doing business with Tehran. Despite American insistence that it is working together with UN Security Council members and IAEA leaders to formulate a united front against Iran, Washington teamed up with London and Ottawa to announce tough new measures Monday targeting Tehran’s financial sector. US Secretary of State Hillary Clinton and Treasury Secretary Tim Geithner announced Monday afternoon a series of new sanctions against Tehran, focusing on Iran’s money-raising activities. The sanctions place Iran’s Central Bank between the cross-hairs, building on already-existing American restrictions against doing business with Tehran, and targeting companies that support Iranian petrochemical and nuclear initiatives. Geithner declared the Central Bank of Iran to be a “primary money laundering concern,” a step short of official sanctions that would require the United States to cut off access to any foreign institution that does business with the bank. That more drastic step would have presented serious problems for US business if states such as China and Russia fail, as they are expected, to cut off ties with Tehran. The new category would simply warn off foreign governments and companies from dealing with Iranian institutions. Clinton phoned Prime Minister Binyamin Netanyahu Monday evening to brief him on the sanctions the US decided to level against Iran. |
| Posted by:tipper |
| #1 Ain't we tuff? |
| Posted by: Hank 2011-11-21 22:29 |