Posted by | July 31, 2012 15:08 | Filed under: Top Stories

The new sanctions target an Iranian bank and a Chinese bank and will go after any financial institution that helps “the increasingly desperate Iranian regime,” says a statement from President Obama. Obama is also expanding sanctions on the purchase or acquisition of Iranian petrochemical products. Reports AP: “The sanctions are authorized in part for those who provide support to the National Iranian Oil Company and the Central Bank of Iran.”

And sanctions already imposed are working says the White House. Ben Rhodes, Deputy National Security Advisor for Strategic Communications says, “Sanctions are having a significant impact on Iran and its economy.”

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Copyright 2012 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.