U.S. legislators are looking to tighten the sanctions on Iran by targeting Asia-Pacific, Russian...


U.S. legislators are looking to tighten the sanctions on Iran by targeting Asia-Pacific, Russian and other insurers involved in Iranian deals prohibited under American law. The lawmakers also want to widen U.S. sanctions to all Iranian banks and to foreign institutions engaged in non-oil transactions with the country.

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Comments (2)
  • faustius
    , contributor
    Comments (488) | Send Message
     
    Quote from the article:
    "U.S. insurance companies are banned from underwriting Iran-related business unless they get a special license from the U.S. government."

     

    My question, who are the U.S. companies that have been granted what is amounting to a international monopoly to insure Iranian oil-deals? The pessimist in me thinks this may be a pay-off worked into a foreign policy bill.
    8 Mar 2012, 04:31 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    Sure looks like a payoff. Gosh, our august Congress working political payoffs into an important foreign policy bill!?!? What a shocker! :-)

     

    BTW...memo to the Obama administration and Congress Critters everywhere - rational punishments, incentives and disincentives only work on rational actors. The folks running Iran do *not* fall into the "rational actor" category.
    8 Mar 2012, 05:14 AM Reply Like
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