Senators Demand Sanctions on Iran’s Central Bank
Nearly the entire U.S. Senate has signed on to a letter urging the Obama administration to implement sanctions targeting Iran’s central bank.
“As you know, the Iranian regime continues to pursue avenues to circumvent both U.S. and multilateral sanctions,” says the letter to be sent Tuesday and first reported Sunday by The Wall Street Journal. “In the banking sector, the Central Bank of Iran lies at the center of Iran’s circumvention strategy.”
The letter, spearheaded by Sens. Charles Schumer (D-N.Y.) and Mark Kirk (R-Ill.), has garnered signatures from more than 90 of the 100 senators.
Laws passed last year enable Obama to launch such sanctions, which would aim to cut Iran off from any banking sector that deals with U.S. markets.
The Obama administration already is sanctioning smaller banks that allegedly deal with Iran’s suspected nuclear weapons program.
A message from our Publisher & CEO Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism so that we can be prepared for whatever news 2025 brings.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
— Rachel Fishman Feddersen, Publisher and CEO
