Join Meir Panim’s campaign to “light up” Chanukah for families in need.
U.S. Secretary of the Treasury Jack Lew on Sunday at the American Israel Public Affairs Committee conference reiterated the Obama administration’s opposition to new Iran sanctions during the interim nuclear deal, and said the temporary relief that the six-month interim agreement gives Iran has not undone the impact of existing sanctions.
New sanctions could derail the nuclear talks between Iran and world powers and “splinter” the international effort that has made the current sanctions effective, according to Lew. “No amount of U.S. sanctions would have the same crippling power” without international backing, he said.
Additionally, “If the moment comes that we have to use force [against Iran], the world has to understand that we did everything possible to achieve change through diplomacy,” Lew said.
The treasury secretary said that the “vast majority of our sanctions remain firmly in place” and that those sanctions provide a “powerful incentive for Iran to negotiate.” He stressed that the oil and financial sanctions on Iran—what he called the “core architecture” of the sanctions— remain fully in effect.
Economic sanctions “have crippled Iran’s economy on many fronts,” including the fact that Iran’s rial currently has lost 60 percent of its value against the dollar, said Lew. He noted that when the interim deal expires, “so does the relief” on Iran, and that the current $7 billion in financial relief would only continue to flow to Iran if the country demonstrates week-by-week compliance with the interim deal.
“This is not a case of trust and verify,” Lew said. “This is a case of verify everything.”
Yet Lew acknowledged that America is “under no illusions of who we’re dealing with,” citing Iran’s support for terror groups such as Hezbollah and its failure to live up to past promises.
If you don't see your comment after publishing it, refresh the page.
Comments are closed.
A Shin Bet sting nabs Arab Israelis after returning from Syria where they join Al Qaeda and ISIS-linked terror groups — a whole group this month.
That’s it. If you didn’t register your party by now, you’re not running for the upcoming Knesset elections.
Simultaneous explosions in Egypt killed and wounded dozens Thursday night.
ISIS threatens to behead Obama, turn the U.S. into a Muslim province, and destroy France and Belgium.
Locked in Auschwitz, their cries for assistance were not heard, so they escaped through an open window, setting off an alarm.
Hezbollah is a terrorist group and terrorist party, but most and worst of all, it is a huge and powerful army.
Lieberman’s issues a disproportionate response to polls that show his party will barely squeeze into the Knesset.
Boehner criticized President Obama for failing to take the threat of terrorism and the Iranian nuclear threat seriously.
US Treasury Secy Jack Lew contends that French Jews really want to stay in France. They just want to be safe too.
It is also still not clear whether the main issue of the election will be security or economics.
El-Sisi has embarked on an ambitious plan to destroy Hamas’s tunnel infrastructure underneath the Egyptian-Gaza border.
Israeli food makers are getting nervous about Israeli taste buds being Americanized.
Now the Secret Service needs a device to disable drunken government workers who fly drones at 1600 Pennsylvania.
PM Binyamin Netanyahu warns at a memorial for late PM Ariel Sharon that Iran has already begun its war against Israel.
Earlier this week, ten Israeli tourists were violently assaulted in an anti-Semitic attack at a hostel in Argentina.
The secretary-general of the Organization of Islamic Cooperation, an umbrella group representing 57 Muslim countries based in Saudi Arabia, plans to visit the Temple Mount Monday. Iyad bin Amin Madani is scheduled to make the visit as part of a trip that also includes a meeting with Palestinian Authority President Mahmoud Abbas in Ramallah, OnIslam.net […]
Egypt gives the Jews a reminder not to go back there.
“Had the disaster not occurred, I would have never been living here; the tragedy triggered the change in my life…”
We will continue bringing tourists to Israel, even when the tourism industry is in decline,” Birthright CEO Gidi Mark said of the free 10-day trips for Jews ages 18-26.
Russia is one of Israel’s primary exports market, with produce amounting to 30 percent of all exports.
Printed from: http://www.jewishpress.com/news/breaking-news/at-aipac-treasury-secretary-touts-effectiveness-of-iran-sanctions/2014/03/03/
Scan this QR code to visit this page online: