Request Line: (870) 277-1080 [email protected]
Text Your Gift to KLEK1 to 44-321 LEARN MORE

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Cotton, Colleagues Urge President to Sanction Iran’s Financial Sector

Written by Press Release

September 18, 2020

Washington, D.C. – Senator Tom Cotton (R-Arkansas), along with Senators John Cornyn (R-Texas), Ted Cruz (R-Texas), Marco Rubio (R-Florida), Rick Scott (R-Florida), and Thom Tillis (R-North Carolina) today sent a letter to President Trump urging him to impose sanctions on the entirety of Iran’s financial sector pursuant to Executive Order 13902, which was signed earlier this year. The executive order provides the Secretary of State and the Secretary of the Treasury the authority to impose sanctions on additional sectors of the Iranian economy at any time.

The letter applauds the Trump administration’s efforts to crack down on Iran, and urges them to do more to pressure the regime and force it to return to the negotiating table on U.S. terms. The letter reads, in part;

“Despite these efforts, at least 14 Iranian banks remain open and connected to the SWIFT financial messaging network for sanctions-free financial transactions, providing the regime a crucial economic lifeline. This is despite the fact that most other Iranian financial institutions are under sanctions by the U.S. Treasury for their financial sponsorship of terrorism – including the Central Bank of Iran, which capitalizes these remaining banks and may be using them as fronts for its activities. Should these 14 remaining banks be targeted for U.S. sanctions, Iran would be cut off from the global financial system entirely, and the regime’s ability to fund its malign regional influence would be even further diminished.”

The full text of the letter can be found by clicking here.

Original article source: http://www.cotton.senate.gov?p=press_release&id=1426 | Article may or may not reflect the views of KLEK 102.5 FM or The Voice of Arkansas Minority Advocacy Council

0 0 vote
Article Rating

Related Articles

Cotton Statement on Passing of Joe Morgan

FOR IMMEDIATE RELEASEContact: Caroline Tabler or James Arnold (202) 734-0430 November 22, 2020   Cotton Statement on Passing of Joe Morgan Washington, D.C. — Senator Tom Cotton (R-Arkansas) released the statement below after Joe Morgan, a Read more

Cotton Praises Change Allowing Labeling of Israeli Goods

FOR IMMEDIATE RELEASEContact: Caroline Tabler or James Arnold (202) 734-0430 November 19, 2020   Cotton Praises Change Allowing Labeling of Israeli Goods  Washington, D.C. — Senator Tom Cotton (R-Arkansas) released the statement below after the administration announced that Read more

Our Pilgrim Fathers

A great American anniversary is upon us.  Four hundred years ago this Saturday, a battered old ship called the Mayflower arrived in the waters off Cape Cod.  The passengers aboard Read more

Cotton, Colleagues Urge Administration to Change Israeli Goods Labeling Policy

Washington, D.C. - On Monday, Senator Tom Cotton (R-Arkansas), along with Senators Ted Cruz (R-Texas), Kelly Loeffler (R-Georgia), and Marco Rubio (R-Florida), sent a letter to President Donald Trump urging Read more

Comments

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Pin It on Pinterest