Clinton welcomes passage of Iran sanctions

Last Updated: Saturday, June 26, 2010 - 10:14

Washington: US Secretary of State Hillary
Clinton today welcomed the passage of new sanctions against
Iran by the Congress, which she said would constrain Tehran`s
nuclear programme.

"We are committed to fully implementing this legislation
in a manner that advances our multilateral dual-track strategy
of engagement and pressure," Clinton said in a statement.

These new measures, along with action by the European
Union and Australia, build on United Nations Security Council
Resolution 1929 and underscore the resolve of the
international community to prevent Iran from developing
nuclear weapons and to hold it accountable for its
international obligations, she said.

The United States will work with its partners to maximise
the impact of these efforts and to continue pursuing a
diplomatic resolution to the international community`s
concerns regarding Iran`s nuclear programme, Clinton said.

"In addition to increasing pressure on Iran`s illicit
nuclear activities, this legislation also addressed the
Iranian government`s continued violation of the fundamental
rights of its citizens," she said in her statement.

A year after the Iranian people took to the streets to
protest an election, the leadership continues to violate its
most fundamental duties of government, denying its people the
right to speak freely, to assemble without fear, and to the
equal administration of justice, she said.

"We support the Congress` efforts to call attention to
these violations, and the United States will continue to hold
Iran accountable for its obligations to respect the rights of
its own people," Clinton said.

The Comprehensive Iran Sanctions, Accountability, and
Divestment Act, takes aim at Iran`s refined petroleum sector.

Businesses that help supply Iran with refined petroleum
or help develop the country`s own refining capacity would be
penalised by the legislation.

In addition, the Islamic Revolutionary Guard Corps comes
under more scrutiny.

Any financial institutions found to be doing business
with the Guard or with blacklisted Iranian banks could be
denied access to the US financial system under the bill.

PTI



First Published: Saturday, June 26, 2010 - 10:14

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