Iran Sanctions Strategy Falls Apart

The US-led Western powers are scrapping tough measures incorporated in the original motion they drafted for a UN Security Council sanctions resolution against Iran, according to diplomats at the UN Center. To make the draft more acceptable to Russia and China, the blacklisting of Iran’s central bank has been replaced by a decision to “strengthen vigilance” over the bank’s transactions, leaving only new overseas Iranian banks to be targeted.

The text earlier dropped the restrictions proposed by France against Iran’s oil and gas industries, as well as the original US plan to halt supplies of gasoline and other refined oil products to Iran. As the haggling goes on, Moscow refuses to endorse a full arms embargo similar to the regime in place against North Korea.

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