AIPAC Applauds New Iran Sanctions

FOR IMMEDIATE RELEASE

Contact: Marshall Wittmann, mwittmann@aipac.org

June 4, 2013

AIPAC Applauds New Iran Sanctions

WASHINGTON —AIPAC applauds President Obama’s issuance of a new executive order strengthening U.S. sanctions on Iran.  This action responds to Iran’s continuing progress in its nuclear program and refusal to engage in constructive negotiations. The President’s action demonstrates American resolve to escalate  economic pressure on Iran to persuade Tehran to halt its nuclear weapons quest.

The new measure authorizes sanctions on foreign financial institutions that deal in Iranian currency, provide goods or services to the Iranian automotive sector or provide material support to sanctioned Iranian entities.

AIPAC also commends the Treasury and State Departments’ efforts to increase sanctions enforcement.  Today, the Treasury Department sanctioned a shadowy network of more than three dozen companies controlled by Iran’s leadership that generated billions of dollars for the regime. Since March, the administration has sanctioned multiple schemes to evade measures targeting Iran’s energy and transportation sectors.  Sanctions have been imposed on entities buying Iranian petrochemicals, entities aiding Iran’s nuclear program and individuals that violate the human rights of Iranians citizens.  For the first time, the United States targeted an exchange house and trading company that were supporting sanctioned Iranian banks.

We urge the administration to continue escalating the pressure on Iran and those individuals, companies and countries that violate our sanctions.  In particular, countries that fail to significantly reduce their purchases of Iranian crude oil must be held accountable.  We also urge the administration to continue to emphasize that the US is prepared to use all available measures  to prevent Iran from acquiring a nuclear weapons capability.

The President’s announcement comes as the House Foreign Affairs Committee adopted the Nuclear Iran Prevention Act (NIPA) which seeks to dramatically increase the economic costs to Iran for their ongoing intransigence.   AIPAC strongly supports NIPA and applauds its authors Reps. Ed Royce (R-CA) and Eliot Engel (D-NY).  We urge the full House to quickly take up and pass this important legislation.

 

 

 

Consistently ranked as the most influential foreign policy lobbying organization on Capitol Hill, AIPAC is a bipartisan American membership organization that seeks to strengthen the relationship between the United States and Israel. For more than 50 years, AIPAC has been working with Congress to build a strong, vibrant relationship between the U.S. and Israel. With more than 100,000 members across the United States, AIPAC works throughout the country to improve and strengthen that relationship by supporting U.S.-Israel military, economic, scientific and cultural cooperation.

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