Skip To Content
Get Our Newsletter
JEWISH. INDEPENDENT. NONPROFIT.

Support the Forward

Funded by readers like you DonateSubscribe

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.

Engage

  • SHARE YOUR FEEDBACK

  • UPCOMING EVENT

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free under an Attribution-Non Commercial-No Derivatives Creative Commons license as long as you follow our republishing guidelines, which require that you credit Foward and retain our pixel. See our full guidelines for more information.

To republish, copy the HTML, which includes our tracking pixel, all paragraph styles and hyperlinks, the author byline, and credit to Foward. Have questions? Please email us at help@forward.com.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.