January 16, 2012
Prime Minister Benjamin Netanyahu said Monday that the current sanctions imposed on Iran were not effective enough to stop its nuclear program, and called for further sanctions on the Islamic Republic’s central bank and oil industry.
“As long as there will not be effective sanctions on Iran’s central bank and oil industry, there won’t be any effect on its nuclear program,” Netanyahu said during a discussion in the Knesset’s Defense and Foreign Affairs committee.
He also warned against Iran’s advance into Iraq. “There is a lack of stability and under these circumstances we must strengthen our defense capabilities against aerial and ground attacks,” he said.
Netanyahu’s statement comes after he actually praised the current sanctions on Iran last week in an interview with The Weekend Australian. In that interview, he said Iran is beginning to fold due to the combination of sanctions and threats of military action on its nuclear facilities.