US leader imposes fresh penalties on China, Iraq banks that assist 'increasingly desperate Iranian regime' to access international financial system
The new penalties target China's Bank of Kunlun and Iraq's Elaf Islamic Bank. In a statement, Obama said the sanctions make clear that the US will expose any financial institution that assists "the increasingly desperate Iranian regime" to access the international financial system.
| Yes, yes. Whatever looks tough and keeps the Israelis from doing anything meaningful until it's too late, right Mr. President? |
| Wait a week and see how many exemptions to the new rule are issued... |
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