web analytics
July 6, 2015 / 19 Tammuz, 5775
At a Glance
News & Views
Sponsored Post


Congress Boosts Sanctions—Which Are Working—But President Gets to Roll Them Back Selectively

President Barack Obama holds a Cabinet meeting in the Cabinet Room of the White House, July 26, 2012.

President Barack Obama holds a Cabinet meeting in the Cabinet Room of the White House, July 26, 2012.
Photo Credit: Official White House Photo by Pete Souza

Congressional negotiators have settled on a bill enhancing Iran sanctions, and President Obama announced new sanctions targeting fronts for Iran.

“This bipartisan, bicameral Iran sanctions legislation strengthens current U.S. law by leaps and bounds,” Rep. Ileana Ros-Lehtinen (R-Fla.), the chairwoman of the U.S. House of Representatives Foreign Affairs committee and a chief sponsor of the bill, said in a statement released Monday after House and Senate negotiators finalized the legislation.

“It updates and expands U.S. sanctions, and counters Iran’s efforts to evade them,” Ros-Lehtinen said. “The bill sends a clear message to the Iranian regime that the U.S. is committed, through the use of sanctions, to preventing Iran from crossing the nuclear threshold.”

Obama administration officials likely will cite the enhanced sanctions bill, due to pass both houses in its final version before week’s end, in their efforts to persuade Israel not to take military action against Iran in the coming months.

But the Obama administration, with backing from Senate Democrats, managed to roll back some provisions backed by the House and Senate Republicans.

Under the final version, for instance, the president has considerable leeway to postpone sanctions on insurers in order to give them time to comply.

Also omitted from the final version are sanctions that congressional hard-liners had sought on individuals associated with SWIFT, the Society for Worldwide Interbank Financial Telecommunications, as long as the body continues to deal with Iran’s central bank.

Obama administration officials in a conference call with reporters would not commit to signing the bill or endorsing all its facets, but said they were “optimistic” about working with Congress to continue isolating Iran.

Ehsan Mehrabi reported in insideIRAN.org (Report from Tehran: How Sanctions Hurt the Lives of Ordinary Iranians) that the sanctions are having a significant effect on the lives of most Iranians. Razie Sadeghi, an economic journalist who is in regular contact with the country’s economic officials, told Mehrabi that Iranian officials believe declining oil revenues as a result of the sanctions on the Central Bank and the country’s oil sector “could deliver a big blow to Iran’s economy.”

Mehrabi points out that one of the consequences of the sanctions has been the refusal of many companies to sell auto parts to automobile companies in Iran. He cites a 36% reduction in car manufacturing in the country, “which can have unpredictable consequences in regards to labor unrest.”

According to Mehrabi’s report, the majority of people blame Iran’s leaders and believe that the government’s insistence on carrying out the nuclear program is the cause of the economic problems. Nonetheless, he believes that ultimately these sanctions will hurt the people more than the regime.

CBS News reported earlier this week that financial sanctions and oil embargoes imposed upon Iran by the international community are having an effect upon Tehran’s ballistic missile program, with experts saying Iran’s ability to develop and build missiles capable of striking targets in Western Europe and beyond has been significantly impeded.

On Monday, U.S. Defense Secretary Leon Panetta said the sanctions are having a “serious impact” on the Iranian economy, even if their results may not be immediately obvious.

Panetta’s comments come just a day after US President Barack Obama’s Republican challenger Mitt Romney, during his trip to Jerusalem, backed Israel’s right to attack Iran’s nuclear program.

In a separate move on Tuesday, Obama introduced new sanctions that target fronts for Iranian entities already subject to sanctions.

The new sanctions, Obama said in a statement announcing his executive order, are “authorized for those who may seek to avoid the impact of these sanctions, including against individuals and entities that provide material support to the National Iranian Oil Company, Naftiran Intertrade Company, or the Central Bank of Iran, or for the purchase or acquisition of U.S. bank notes or precious metals by the Government of Iran.”

Singled out for citation were the Bank of Kunlun in China and Elaf Islamic Bank, for having “facilitated transactions worth millions of dollars on behalf of Iranian banks that are subject to sanctions for their links to Iran’s illicit proliferation activities.”

“By cutting off these financial institutions from the United States, today’s action makes it clear that we will expose any financial institution, no matter where they are located, that allows the increasingly desperate Iranian regime to retain access to the international financial system,” Obama said in his statement.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

2 Responses to “Congress Boosts Sanctions—Which Are Working—But President Gets to Roll Them Back Selectively”

  1. Charlie Hall says:

    Romney didn't actually "back" Israel attacking Iran. Dan Senor, who works for the Romney campaign, said that he did, but Romney backed off a bit from that statement.

  2. Nancy Kramer says:

    Oh, Romney, your flipflops have flipflops…

Comments are closed.

Current Top Story
Seder at the White House. The one without the kippa is President Obama.
Obama Trying to Make US Leftist Jews “Mainstream’
Latest News Stories
President Rivlin hosts Iftar meal Sunday night.

“Unfortunately, there are those who seek to exploit the sanctity of Ramadan, and distort its meaning in favor of … terrorism.”

Rabbi Riskin speaking in Eftat.

In his first public comments following the tenure extension crisis, Rabbi Riskin delivered up some harsh criticism of the Chief Rabbinate.

Seder at the White House. The one without the kippa is President Obama.

  A recent meeting between National Security Council officials and the left-wing Breaking the Silence group barely made headlines but was a significant move in President Barack Obama’s agenda to justify his view that Israel is an “occupier.” It was President Obama who succeeded in removing AIPAC as the default representative of what is called […]

Greek Foreign Minister Nikos Kotzias.

He wants to show everything is “business as usual,” which everyone knows is not.

The Palestinian Authority Jawwal mobile phone company is back in business in Gaza after Hamas allowed it to resume operations following last week’s forced shutdown. Hamas claimed that Jawwal, part of the Paltel conglomerate run b one of Mahmoud Abbas’ closest confidantes, owed taxes. The terrorist organization did not explain why it was allowing Jawaal […]

Jordanian authorities seized 100 pounds of explosives carried by a member of an Iranian-backed group.

Police closed in on a ring of Israeli and Palestinian Authority Arabs who smuggled eggs and sold to supermarkets in urban centers in Israel. The gang raked in more than $2.5 million a year in the operation that stamped the eggs with forged approval. Police investigator Shai Kovnator noted, “The phenomenon of smuggling eggs from […]

Samsung is establishing a new startup accelerator in its development center in the Yakum industrial park between Netanya and Herzliya. The company is looking for 6-10 startups in mobile communications, information security, wearable computers, big data, cloud computing, mHealth, biometric identification, wireless charging, and autonomous vehicles. Start-ups that join the accelerator will receive a $50,000 […]

Three fires of 300 acres of forest in the Jerusalem area probably were ignited by Arabs, according to police.

Firefighters fought a large fire in Ein Yael, Jerusalem, located opposite the Biblical Zoo, and up the road from Malcha Mall.

Reporter Laura Rozen: “How many ways can I say significant progress made but important differences remain?”

CNN put the UNESCO site at the top of the list, implied Israel it to blame for its being “endangered but failed to mention Jordan’s responsibility.

In three weeks, the Fast of the 9th of Av will be on the 10th of Av.

Netanyahu falsely accused Bennett of signing a coalition agreement that returns more power to Hareidim.

US-led talks with Tehran appear to have reached a deal on sanctions relief: but what about access to Iranian nuclear sites?

Arab leaders realize the existential threat posed by ISIS: Tunisia is at a state of emergency; Egypt has declared “war.”

More Articles from Jacob Edelist
F130210FFMS04

“Over-exposure of security and intelligence activities may seriously harm state security.”

Handle of a footed marble basin decorated with Seilenoi heads, the 1st century BCE.

Lionized as “the greatest builder in human history,” King Herod was also demonized for his cruelty and his shady religious origins.

“We expect continued firing of hundreds of rockets in the coming days.”

The plan is to stagger their recruitment, to allow IDF manpower officials to study the process.

Hamas called the meeting to try and avoid further casualties.

Some of the supervised, ‘bug-free,’ leafy vegetable growers are using higher levels of pesticides than allowed by Health Ministry standards.

Iranian Defense Minister Ahmad Vahidi said on Sunday that Iran has in its possession UAVs (unmanned aerial vehicles) which are far more advanced than the one which the Hezbollah recently sent into Israel.

Last Sunday, Netanyahu told Likud ministers he plans on adopting part of the report without relating to broad legal interpretations, to avoid international criticism. Still, the proposal will add legal flexibility and remove bureaucratic obstacles, making Jewish construction in Judea and Samaria considerably easier.

Printed from: http://www.jewishpress.com/news/breaking-news/congress-boosts-sanctions-which-are-working-but-president-gets-to-roll-them-back-selectively/2012/08/01/

Scan this QR code to visit this page online: