Friday, 13 January 2012
WASHINGTON — The latest round of American sanctions are aimed at shutting down Iran’s central bank, a senior U.S. official said Thursday, spelling out that intention directly for the first time.
“We do need to close down the Central Bank of Iran (CBI),” the official told reporters on condition of anonymity, while adding that the United States is moving quickly to implement the sanctions, signed into law last month.
The sanctions, broadly aimed at forcing Tehran to shift course on its nuclear program, targeted Iran’s crucial oil sector and required foreign firms to make a choice between doing business with Iran or the United States.
Foreign central banks that deal with the Iranian central bank on oil transactions could also face similar restrictions under the new law, which has sparked fears of damage to U.S. ties with nations like Russia and China.
Posted by John Hardon at 11:38