Egypt's CBE issues EGP5b FRN T-bonds    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Madbouly reviews strategy to localize pharmaceutical industry, ensure drug supply    Egypt's real estate market faces resale slowdown amid payment pressures    Al-Mashat tells S&P that Egypt working to reduce external debt, empower private sector    Cairo's real estate market shows resilient growth as economy stabilizes: JLL    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt renews call for Middle East free of nuclear weapons، ahead of IAEA conference    Egypt's EDA, Korean pharma firms explore investment opportunities    Egypt's FM heads to Doha for talks on Israel escalation    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



US hails Iran sanctions, but experts doubt results
Published in Daily News Egypt on 21 - 09 - 2010

WASHINGTON: The Obama administration says the latest round of sanctions appears to have succeeded in bringing additional pressure against Iran's nuclear program. But private experts question whether the penalties will achieve their goal of compelling Tehran to give up any nuclear ambitions.
In a speech Monday, the Treasury Department's point man on Iran sanctions, Stuart Levey, said U.S. and international sanctions are "dramatically isolating Iran financially and commercially."
And he asserted that this "can and will create leverage for our diplomacy" with Iran's leaders.
"Almost daily we receive reports of major firms around the world deciding to pull out of business dealings with Iran," Levey said at the Center for Strategic and International Studies. The number of companies that recently have curtailed or eliminated their ties to Iran is in the dozens, he added, including Toyota and oil giant Royal Dutch Shell.
Secretary of State Hillary Rodham Clinton has said the sanctions are "biting" Iran's economy.
Analysts generally agree sanctions are taking a toll. But will they stop Iran from getting the bomb?
Probably not, says Ray Takeyh, a Mideast expert at the Council on Foreign Relations and a former State Department adviser on Iran policy.
The policies of Iranian Supreme Leader Ayatollah Ali Khamenei and President Mahmoud Ahmadinejad "are largely unaffected by mounting financial penalties imposed by the West," Takeyh wrote Sunday in an opinion piece in The Washington Post.
"Washington and its allies still fail to realize that they are not dealing with a conventional nation-state making subtle estimates of national interests," Takeyh wrote. Khamenei sees reconciliation with the U.S. as subversion that could undermine the pillars of the Islamic state, he added.
In an Associated Press interview in New York on Sunday, Ahmadinejad said sanctions are futile.
"If they were to be effective, I should not be sitting here right now," he told the AP.
Ahmadinejad also repeated Iran's assertion that it has no intention of building a nuclear weapon.
President Barack Obama entered the White House committed to offering Tehran a chance to negotiate over its nuclear program, but by late 2009 it was clear Iran had no interest in engagement.
So the administration turned to what it calls the "pressure track," and in June the U.N. Security Council passed a new sanctions resolution. On July 1 Obama signed unilateral U.S. sanctions legislation that he called the toughest Congress has ever imposed on Iran.
Sharing the U.S. concern about Iran potentially gaining nuclear weapons, the European Union, Australia, Canada, Japan and South Korea have imposed their own sanctions against Iran.
The sanctions have limited Iran's ability to attract foreign investment, pinched its ability to import gasoline, created a drag on its shipping business and hurt Iranian banking relationships worldwide. But it's not clear that these problems will translate to a shift in Iran's nuclear stance.
Even some Obama administration officials have conceded that sanctions may fall short of their goal, which is to convince Iran's leaders that the political costs of their continuing defiance on nuclear issues have reached an unacceptable level.
"Will it deter them from their ambitions with regard to nuclear capability? Probably not," CIA director Leon Panetta said June 27, while adding that Iran's true nuclear intentions are unclear.
Sami Alfaraj, an adviser to the Kuwaiti government on security and intelligence, said in an interview Monday that it's clear the sanctions are taking a toll on Iran's economy. Still, the pressure will fall short of compelling Iran to steer away from nuclear arms, he said.
"Sanctions alone cannot really work," Alfaraj said.
Former Secretary of State Colin Powell has come to a similar conclusion. "I think eventually we will have to deal with the reality that sanctions may not change the views of the Iranians on these issues" of a nuclear program, Powell said Sunday on NBC television's "Meet the Press."
Levey, the Treasury official who is implementing the U.S. sanctions campaign said he cannot accept the idea that sanctions have no chance. But he stopped short of predicting success.
"No one knows for sure the outcome," he said.


Clic here to read the story from its source.