Region | Iran
Obama signs bill imposing tough sanctions on Iran
The bill Obama signed Thursday evening in an East Room ceremony targets exports of gasoline and other refined petroleum products to Iran
- AP
- Published: 22:37 July 2, 2010
- Image Credit: Bloomberg
- The bill Obama signed Thursday evening in an East Room ceremony targets exports of gasoline and other refined petroleum products to Iran.
Washington: President Barack Obama has signed a bill imposing tough new sanctions against Iran over its alleged nuclear weapons program.
The bill Obama signed Thursday evening in an East Room ceremony targets exports of gasoline and other refined petroleum products to Iran. It bans US banks from doing business with foreign banks providing services to Iran's Revolutionary Guard.
The administration hopes the new unilateral sanctions, combined with ones approved last month in the UN Security Council, will yield results even though previous regimens failed to halt Iran's activities that could lead to nuclear weapons development. The UN sanctions target the Revolutionary Guard, ballistic missiles and nuclear-related investments.
As lawmakers looked on, Obama called the new law the "toughest sanctions against Iran ever passed by the United States Congress." But he said he had not sought the outcome, contending it was chosen by an Iranian government which for years has defied UN resolutions and forged ahead with its nuclear programs while supporting terrorist groups and suppressing the Iranian people.
Will these sanctions choke Iran into complying with the demands of the international community? Or will they just further isolate the country?
While insisting the door to diplomacy remains open, Obama said, "We are showing the Iranian government that its actions have consequences."
"There should be no doubt: The United States and the international community are determined to prevent Iran from acquiring nuclear weapons," the president said.
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