Archive - Jun 16, 2008

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*Update* Dec 15 2009
Statement of Congressman Ron Paul, United States House of Representatives, December 15, 2009

I rise in strongest opposition to this new round of sanctions on Iran, which is another significant step toward a US war on that country. I find it shocking that legislation this serious and consequential is brought up in such a cavalier manner. Suspending the normal rules of the House to pass legislation is a process generally reserved for “non-controversial” business such as the naming of post offices. Are we to believe that this House takes matters of war and peace as lightly as naming post offices?

This legislation seeks to bar from doing business in the United States any foreign entity that sells refined petroleum to Iran or otherwise enhances Iran’s ability to import refined petroleum such as financing, brokering, underwriting, or providing ships for such. Such sanctions also apply to any entity that provides goods or services that enhance Iran’s ability to maintain or expand its domestic production of refined petroleum. This casts the sanctions net worldwide, with enormous international economic implications.

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Mr. Speaker, I am concerned that many of my colleagues opposing war on Iran will vote in favor of this legislation, seeing it as a step short of war to bring Iran into line with US demands. I would remind them that sanctions and the blockades that are required to enforce them are themselves acts of war according to international law. I urge my colleagues to reject this saber-rattling but ultimately counterproductive legislation.

Date: 12/15/2009
Location: Congress
Legislation: Iran Refined Petroleum Sanctions Act (H.R. 2194)

Transcript  read more »

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LONDON: After talks with President George W. Bush, Prime Minister Gordon Brown promised tougher measures in Iran and Afghanistan, saying that Britain would freeze the assets of Iran's biggest bank and increase its troop strength in Afghanistan.

Appearing with Bush at a news conference, he sought to speak directly to the Iranian people, saying that Tehran's refusal to resolve international concerns over its nuclear activities would only lead to further isolation. Specifically, he said, the sanctions would be designed to freeze the assets of Iran's biggest bank, Bank Melli. "We will take action today that will freeze the overseas assets of the biggest bank in Iran, the Melli bank, and secondly, action will start today for a new phase of sanctions on oil and gas," he said, without elaborating.

For his part, Bush refused to rule out any action in Iran, saying "all options" were on the table — a formula he has used that has been interpreted as not precluding military strikes.  read more »

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Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran's disputed nuclear ambitions, an Iranian weekly said. "Part of Iran's assets in European banks have been converted to gold and shares and another part has been transferred to Asian banks," Mohsen Talaie, deputy foreign minister in charge of economic affairs, was quoted as saying.

Iranian officials were not immediately available to comment on the report in Shahrvand-e Emrouz, a moderate weekly, which did not specify the time period for the withdrawals which it said were ordered by President Mahmoud Ahmadinejad.

"About $75 billion of Iran's foreign assets which were under threat of being blocked were wired back to Iran based on Ahmadinejad's order," the weekly said. Iran's Etemad-e Melli newspaper, also quoting Talai, last week also reported that the world's fourth-largest oil exporter was withdrawing assets from European banks but did not give any figures.

Britain will freeze overseas assets of Iran's largest bank, Bank Melli. "Action will start today," Prime Minister Gordon Brown said on Monday.

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Photos Courtesy of Reuters and The Jerusalem Post

Original Source: Javno and Associated Press