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World
February 6, 2012
Obama extends sanctions to Central Bank of Iran
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President Barack Obama in Arlington, Va. on Feb. 3. Photo by REUTERS/Larry Downing
President Obama sanctioned parties dealing with Iran’s Central Bank.
The executive order issued by the White House Sunday and made public Monday cuts off Iran’s economy from the United States entirely by expanding existing sanctions to include those who deal with Iran’s Central Bank, forcing interlocutors to choose between the two economies.
The intended effect is to isolate Iran from much of the world’s developed economy.
A letter to Congress accompanying the order notes that it comports with the enhanced sanctions law passed by Congress in December, and underscores its expansive intent, targeting entities determined “to be owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to the order.”
The Obama administration had issued a warning in November that such sanctions were forthcoming. A key factor in timing the sanctions was the effort to coordinate with other nations to avoid a spike in oil prices.
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Being at the decision-making table, I offer the following advice to Israel. With this (or with any other American administration) being “nice” & accommodating means that you will not be considered during the decision-making process. The squeaking wheel does get greased. Being ambiguous about your intentions & by demonstrating your resolve you caused Obama to act ,rather than to speak tough and equivocate
More is needed. Keep up the heat on him , on me & on the others at the table
Your survival is up to you
For me in the US this is like the story of the ham and egg breakfast. We, the US ,are the egg. We are involved. You are the ham, you are deeply committed.