http://www.washingtontimes.com/news/2011/nov/21/us-puts-new-sanctions-on-iran/The Obama administration imposed new sanctions against Iran on Monday, coordinating with Britain, Canada and France to pressure Tehran to halt its suspected nuclear weapons program.
The U.S. actions targeted Iranian firms in the petrochemical sector and companies that support the nation’s nuclear industry. The Treasury Department also named the Central Bank of Iran as a primary money-laundering “concern,” a symbolic step that stopped short of Britain’s action of cutting off ties with the bank.
"If you are a financial institution and you engage in any transaction involving Iran's central bank or any other Iranian bank operating inside or outside Iran, you are at risk of supporting Iran’s illicit activities: its pursuit of nuclear weapons, its support for terrorism and its efforts to deceive responsible financial institutions and evade sanctions,” he said.
Sen. Mark Kirk, Illinois Republican, has offered an amendment to expand sanctions on Iran to include foreign financial institutions that conduct transactions through the Central Bank of Iran, which he said funds the nation’s global terrorist activity and nuclear program.
Mr. Kirk’s proposal, which the Senate is expected to take up after Thanksgiving, would freeze the U.S.-based assets of any foreign financial institution conducting transactions through the Iranian central bank.
The British took some of those same steps, declaring they would cut off all financial ties with Iranian banks to curtail funds for its nuclear and ballistic missile programs.
Presidential spokesman Jay Carney said the pressure from the U.S. and its allies “has isolated Iran to a degree that has never before been the case, that is having a direct effect on the Iranian economy, as Iranian leaders have conceded.”.....snip~
The Russians and the Chinese have responded and they will not support the santions. Looks like we are going to push them to go to War. If we strangle their economy with China and Russia not going witht the flow. Then Iran will feel more secure about defending their own little space.