Clinton welcomes passage of Iran sanctions
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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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