CRS Reports International Sanctions Against Iran Seem to be Aligning
The Congressional Research Service has issued a report (RS20871) entitled “Iran Sanctions,” which states that there appears to be a growing international consensus to adopt progressively strict economic sanctions against Iran to try to compel it to compromise on its further nuclear development.
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In the 111th Congress, the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (H.R. 2194, P.L. 111-195) added a broad range of measures further restricting the already limited amount of U.S. trade with Iran and restricting some high technology trade with countries that allow WMD-useful technology to reach Iran. (See ITT’s Online Archives or 07/02/10 news, 10070208, for BP summary of the President signing H.R. 2194 into law.)
UN Security Council Resolution 1929 was also adopted in June 2010, which imposes a ban on sales of heavy weapons to Iran and sanctions many additional Iranian entities affiliated with its Revolutionary Guard, but does not mandate sanctions on Iran’s energy or broad financial sector. European Union sanctions, imposed in July 2010 prohibit EU involvement in Iran’s energy sector and restricting trade financing and banking relationships with Iran, among other measures. National measures announced by Japan and South Korea in early September 2010—both are large buyers of Iranian energy—impose restrictions similar to those of the EU.
(Report dated 10/07/10)