U.S. Argues Against More Iranian Sanctions After Missile Tests
Source: Bloomberg
April 13, 2016 — 4:56 PM EDT
A top Treasury Department official argued against imposing new sanctions on Iran after its ballistic missile tests last month, even as he said the Islamic Republic would remain blocked from the U.S. financial system.
“New mandatory non-nuclear sanctions legislation would needlessly risk undermining our unity with international partners,” Adam Szubin, Treasury’s acting undersecretary for terrorism and financial intelligence, said at a conference Wednesday in Washington. “It is important to make sure our sanctions tools remain effective and are not overused.”
Republicans in Congress are still simmering over the nuclear accord with Iran that was completed last July and have criticized President Barack Obama for failing to punish the country for repeatedly defying a United Nations ballistic missile test ban.
Republican Senators Marco Rubio of Florida and Mark Kirk of Illinois have introduced legislation to bar Iran from access to the U.S. financial system, including offshore U.S. dollar-clearing houses.
Read more: http://www.bloomberg.com/news/articles/2016-04-13/u-s-argues-against-more-iranian-sanctions-after-missile-tests