Pakistan News Service

Friday Apr 25, 2014, Jumada-al-thani 24, 1435 Hijri
Logo Logo
Pakistan News Home -> Top -> News Details

Lawmakers stall new Iran sanctions as US hits violators

14 December, 2013

WASHINGTON: Washington on Thursday blacklisted a dozen overseas companies and individuals for evading sanctions on Iran, as US lawmakers were persuaded to hold off on new punitive measures against the country.

Only hours after the surprise blacklist announcement, seen as a clear warning to Tehran to comply with a nuclear deal, two top senators bowed to White House pleas not to introduce new sanctions.

The pair acknowledged more sanctions could "rupture" unity among global powers seeking to rein in Iran's suspect nuclear enrichment program.

"Let me be clear. I support strong sanctions, and authored many of the US sanctions currently in place," said Senate banking committee chairman Tim Johnson, who has been in the spotlight over whether he would introduce a new sanctions regime this year, as several senators have sought.

"But I agree that the administration's request for a diplomatic pause is reasonable," Johnson told a hearing.

Under Thursday's designations, US citizens or companies are barred from engaging in transactions with any of the targeted firms and individuals whose assets will be frozen in the United States.

"Today's actions should be a stark reminder to businesses, banks and brokers everywhere that we will continue relentlessly to enforce our sanctions, even as we explore the possibility of a long-term, comprehensive resolution of our concerns with Iran's nuclear program," said David Cohen, Treasury under secretary for terrorism and financial intelligence.

Those listed include the Singapore-based Mid Oil Asia and Singa Tankers, both companies accused of helping Iran transfer badly-needed funds to a foreign bank on behalf of the National Iranian Tanker Company.

Ukrainian national Vitaly Sokolenko and his Odessa-based firm Ferland Company Limited were also cited for helping to broker the sales of Iranian oil and transfer the crude ship-to-ship.

Secretary of State John Kerry this week returned twice to Capitol Hill seeking to dissuade lawmakers from drawing up new legislation and urging that diplomacy be given time to work.

Under an interim deal reached in Geneva last month, Iran agreed to freeze parts of its suspect nuclear program in return for some $7 billion in sanctions relief as it negotiates a final, comprehensive accord to dismantle its nuclear weapons capability.

The United States also agreed to refrain from slapping new sanctions on Iran, but senior administration officials argued that Thursday's measures were taken as part of the existing sanctions regime which had forced Tehran to the negotiating table.

"Sanctions pressure will be essential as we seek to negotiate a comprehensive long-term resolution," a senior administration official told reporters on a conference call.

"The message to the Iranian government remains clear, the only escape from increasing sanctions pressure, the only path out of deepening economic distress is to negotiate."

Despite Johnson's move Thursday he made clear that he was already crafting new sanctions behind closed doors which could be acted on quickly if Iran fails to comply with the terms of the November 24 deal.

Johnson's fellow Senate Democrat Robert Menendez and Republican Mark Kirk have also been drafting a bill that they want to see passed sooner rather than later imposing tough new economic sanctions if Iran reneges on the six-month accord.


 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Artilce 6 and Musharraf Trail
Blocking Nato supply line
  Quick Vote Show Results
Question: "In view of the current situation do you think Talks with Taliban should take place only within the ambit of Article 4 of Objectives Resolution that defines our Common Purpose i.e. PM/ President down to all Pakistanis to work till we achieve the rights of Democracy, Freedom, Tolerance and Social Justice for all Pakistanis:"
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Drone kills 15 'Qaeda', three civilians in Yemen: security
Senior journalist Hamid Mir hurt in Karachi attack
Suggested Sites