Egypt, Saudi Arabia coordinate on regional crises ahead of first Supreme Council meeting    FRA launches first register for tech-based risk assessment firms in non-banking finance    Egypt's Health Ministry, Philips to study local manufacturing of CT scan machines    African World Heritage Fund registers four new sites as Egypt hosts board meetings    Maduro faces New York court as world leaders demand explanation and Trump threatens strikes    Egypt identifies 80 measures to overhaul startup environment and boost investment    Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory    EGX closes in red area on 5 Jan    Gold rises on Monday    Oil falls on Monday    Al-Sisi pledges full support for UN desertification chief in Cairo meeting    Al-Sisi highlights Egypt's sporting readiness during 2026 World Cup trophy tour    Egypt opens Braille-accessible library in Cairo under presidential directive    Abdelatty urges calm in Yemen in high-level calls with Turkey, Pakistan, Gulf states    Madbouly highlights "love and closeness" between Egyptians during Christmas visit    Egypt confirms safety of citizens in Venezuela after US strikes, capture of Maduro    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



House backs tough sanctions on Iran
Published in Ahram Online on 15 - 12 - 2011

The US House of Representatives adopts harsher economic sanctions against Iran, indicating Washington's hawkish stand on the Islamic Republic's nuclear activities and its jeopardising influence on Israel's national security
The House of Representatives endorsed harsher sanctions against Iran on Wednesday as it seeks to weaken Tehran economically and derail its suspected pursuit of nuclear weapons.
The overwhelming votes of 410-11 and 418-2 were largely symbolic, however, as the Senate was not expected to act on the legislation in the few remaining days of the congressional session.
Separately, Congress was poised to back a sweeping defense bill that already included crippling sanctions on foreign financial institutions that do business with Iran's Central Bank, a provision that the Senate backed unanimously last week.
Determined to show their hawkish stand on Iran and pro-Israel credentials, House lawmakers voted for two bills that would strengthen current sanctions while expanding the list of companies and individuals subject to penalties.
The legislation builds on sanctions that Congress overwhelmingly passed, and President Barack Obama signed, last year. Those penalties targeted exports of gasoline and other refined petroleum products to Iran and banned U.S. banks from doing business with foreign banks that provide services to Iran's Revolutionary Guard. The United Nations and the European Union also have imposed sanctions against Iran.
"Our fundamental strategic objective must be to stop Iran before it obtains nuclear weapons capabilities and to compel it to permanently dismantle its pursuit of such weapons," said Republican Rep. Ileana Ros-Lehtinen, chairwoman of the House Foreign Affairs Committee.
The United States has tried repeatedly to coax Iran into international negotiations with the U.S., Russia, China, Britain, France and Germany over its nuclear program. Iran contends that its program is designed to generate electricity, not build weapons.
Among the new provisions, the House bills would restrict foreign subsidiaries of U.S. companies from doing business with Iran. Bartering is included among the activities that could be sanctioned, and Americans would be prohibited from conducting commercial or financial transactions with the Revolutionary Guard.
Directing its ire at Syria and North Korea as well, one provision would strengthen the prohibition on granting landing rights in the United States to vessels that have visited Iran, North Korea or Syria in the past two years.
The defense bill would impose tough new penalties on Iran, targeting foreign financial institutions that do business with the Central Bank in Tehran. The legislation requires the president to prohibit or impose strict conditions on that financial institution and its ability to maintain corresponding accounts in the United States.
The sanctions appear to be taking a toll in Tehran. Last month, President Mahmoud Ahmadinejad acknowledged that the current penalties were impeding Iran's financial institutions, saying, "our banks cannot make international transactions anymore."


Clic here to read the story from its source.