November 18, 2011
Looking to heap economic pressure on Iran over its suspect nuclear program, U.S. senators on Thursday introduced legislation aimed at collapsing the country’s central bank with tough new sanctions.
“This, in my judgment, is one of the few remaining actions short of an embargo of Iranian shipping and military intervention to slow or end the Iranian nuclear program,” said Republican Senate Minority Leader Mitch McConnell.
The measure, crafted by Republican Senator Mark Kirk, would empower President Barack Obama to cut off any foreign financial institution that does business with Iran’s central bank from the U.S. economy and to freeze its U.S. assets.
“Without immediate and serious action, the Islamic Republic of Iran will have a nuclear weapons capability in the near future,” Kirk said, adding: “We must act now or face the consequences of a nuclear Iran.”
This article was posted: Friday, November 18, 2011 at 3:45 am