ChimpCo Delivers Protest On Proposed $16 Billion Chinese Gas Deal With Iran - NY Sun

[hatrack]

Yeah, the Sun . . . sorry!

The Bush administration and Congress are warning that a proposed $16 billion deal between a Chinese company and Iran could trigger economic penalties under an American law aimed at starving Iran of funding for terrorism and nuclear weapons.

Officials at the American embassy in China delivered a demarche Saturday in Beijing. They demanded an explanation of the deal from Chinese government officials and warned them that it could trigger a 1996 law, the Iran Libya Sanctions Act. The law prohibits foreign firms that invest more than $10 million in Iran's energy sector from raising capital in American financial markets.

The Democrat from California who will take over next week as chairman of the House International Relations Committee, Tom Lantos, said his panel will "closely examine" the deal next week to see if the sanctions would apply. The ranking Republican on that committee, Rep. Ileana Ros-Lehtinen, a Republican from Florida, said she will also be looking closely at the deal.

EDIT

http://www.nysun.com/article/45816

[madrchsod]

1. thrusday afternoon funnies?

like china gives a shit what america thinks....

[LSK]

2. maybe the dumbass should have thought of that before running up debt

China can just say fuck you, give us all the money we are loaning you NOW.