Tuesday, July 31, 2012

U.S. Congress Pushes Ahead with New Sanctions on Iran - UPDATE

The U.S. Congress pushed ahead today with a new package of sanctions on Iran, targeting the country’s energy, shipping and financial sectors in an attempt to force Iran change its nuclear policy. The new bill would impose sanctions on anyone who:
  • Works with Iran's petroleum, petrochemical or natural gas sector;
  • Helps the country’s oil and gas industry by providing goods, services, technology or infrastructure;
  • Insures or reinsures investments in Iran’s oil sector;
  • Helps Iran avoid sanctions through reflagging its vessels;
  • Sells, leases or provides oil tankers to Iran,
  • Provides insurance to state-owned National Iranian Tanker Co.,
  • Mines uranium with Iran.
The bill also penalizes anyone, including foreign government agencies, who assist the IRGC. It also denies visa and freeze assets of individuals and companies that supply Iran with technology that could be used against its citizens, such as tear gas, rubber bullets and surveillance equipment.

The bill requires companies that trade on the U.S. stock exchange to disclose any Iran-related business to the Securities and Exchange Commission.

Lawmakers are expected to vote on the bill this week before their August recess. 

UPDATE: U.S. House of Representative by a vote of 421-6 passed the Iran Threat Reduction and Syria Human Rights Act. Parts of the bill dealing with Iran impose toughest sanctions to date on the country.


ishakpemadang said...

The US are so desperate to destroy Iran economy. They are kissing the jews foot in order to get campaign donation. The jews are the king marker in the US

Anonymous said...

ishak,it's not the US that has destroyed the Iranian economy but the incompetent and greedy thieving mullah theocracy and their donkey headed attitude that has caused it.

Anonymous said...

OMG, can you believe it...

The Ironi of the name given to this bill..."Iran threat reduction"?

Sad, sad situation.

If there's any slight, miniscule threat emanating from Iran to other counties, then it surely fades in comparison to that of USAs towards Iran and the rest of the world.

Hard to see the basis of such a name in reality. Infact, USA is the one who has constantly threatened, pushed and provoked Iran and other nations as well.

As a matter of fact, in this era, USA is the largest existential threat to the lives of those living in developing third-world countries. Meh, but who cares if another million brown people die, right? Afterall, it happened in Iraq...

Anonymous said...

All those nations in the non-aligned movement must to get together and decide on creating a bill called "USA Threat Reduction", seriously!

USA is posing a grave threat to poor people everywhere, waging wars, conducting drone attacks, unrelenting bombing with conventional and Uranium munitions (which is a type of WMD in itself), destroying peoples homes, wiping out entire families.

Look at USA's actions and subsequent legacy in both past and modern era contra that of Persia/Irans, then tell me whose murdering capabilites is in need of restraint and reduction.