by Staff Writers
Washington (AFP) Aug 9, 2011
An overwhelming majority of the US Senate urged President Barack Obama on Tuesday to impose "crippling sanctions" on Iran's financial system in a bid to hinder its suspect nuclear program.
"The time has come to impose crippling sanctions on Iran's financial system by cutting off the CBI," the Central Bank of Iran, 92 of the chamber's 100 members, Democrats and Republicans, wrote to Obama in a letter.
Republican Senator Mark Kirk and Democratic Senator Chuck Schumer led the effort, saying it was time to "increase the economic pressure" on Tehran with "a comprehensive strategy" to address the Islamic republic's defiance of global sanctions aimed at forcing it to freeze its uranium enrichment program.
"If our key allies are willing to join, we believe this step can be even more effective," the senators wrote.
Iran denies major Western powers' charges that it seeks nuclear weapons under cover of its civilian space and atomic energy programs, while pursuing ballistic missile technology that could let it strike faraway targets.
The senators charged that Iran's central bank "lies at the center of Iran's circumvention strategy" for ducking US and multilateral sanctions, which heavily target the country's financial and energy sectors.
"We urge you to strongly consider imposing US sanctions against the CBI and to encourage key allies to join us in this important action," they wrote.
Learn about nuclear weapons doctrine and defense at SpaceWar.com
Learn about missile defense at SpaceWar.com
All about missiles at SpaceWar.com
Learn about the Superpowers of the 21st Century at SpaceWar.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|