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Iran sanctions concern China, Russia(financial sanction on Revolutionary Guard's asset)
AP ^ | 03/10/07 | ALEXANDRA OLSON

Posted on 03/13/2007 8:57:41 PM PDT by TigerLikesRooster

Iran sanctions concern China, Russia

By ALEXANDRA OLSON, Associated Press Writer

Fri Mar 9, 10:37 PM ET

Russia raised concerns Friday about proposals to extend U.N. sanctions against Iran to its elite Revolutionary Guards, while China warned that reducing credit to the Islamic country could punish the Iranian people for their government's nuclear defiance.

The five permanent members of the U.N. Security Council, joined by Germany, met for the fourth time this week to narrow differences over new sanctions against Iran for refusing to suspend uranium enrichment.

The proposals include a travel ban, an expanded list of people and companies subject to an asset freeze, an arms embargo and trade restrictions.

Russia and China, which have strong trade ties with Iran, are pushing for a narrower list of targeted companies and individuals. The two countries have often been at odds with the United States, Britain, France and Germany over how tough to be on Iran.

The United States is pushing for cutbacks on loan guarantees for companies doing business in Iran, a key sticking point for China.

China's "main difficulty is with the financial and the trade sanctions against Iran because we feel that we (should) not be punishing the Iranian people," Chinese Ambassador Wang Guangya said after the meeting. "We should punish the Iranians for their activities in the nuclear field."

While stressing that Iran must face stiffer sanctions, Russian Ambassador Vitali Churkin said there had been "a lot of attention and discussion to make sure the Iranian people are not punished."

"We went through the whole list of elements. There are some on which we are quite close, there are some on which there is some serious concerns and differences," Churkin said.

He declined to elaborate on the areas of disagreement. But Wang said Russia had raised concerns about specifically mentioning Iran's Revolutionary Guards in the list of entities subject to asset freezes.

The elite military corps, which has more than 200,000 members and its own naval and air forces, oversees vital Iranian interests, including oil and natural gas installations and the nation's missile arsenal. It is independent of the regular armed forces and controlled directly by Iran's supreme leader.

"Russia has difficulties with the name of the Revolutionary Guard because they feel it is an institution in Iran and you don't have to penalize an institution," Wang said.

Iran has refused to freeze its enrichment-related activities despite the Security Council's decision on Dec. 23 to impose sanctions. That resolution ordered all countries to stop supplying Iran with materials and technology that could contribute to its nuclear and missile programs and to freeze assets of 10 key Iranian companies and 12 individuals related to those programs.

Alejandro Wolff, the acting U.S. representative to the United Nations, acknowledged that the scope of financial sanctions were "the main point of concern" in negotiations. But he insisted that no measures under discussion would punish the Iranian people.

"Frankly, any sense that this is designed to penalize the Iranian people is completely mistaken," he said. "This is an effort to put the focus on the government for being in noncompliance with the Security Council resolutions."

Iran insists its enrichment program is peaceful and aimed at producing nuclear energy, but the U.S. and European countries are concerned its real aim is to produce nuclear weapons.


TOPICS: Foreign Affairs; Front Page News; News/Current Events; War on Terror
KEYWORDS: assetfreeze; financialsanction; iran; revolutionaryguard
U.S. Treasury Dept is about to slap the label of "money-laundering bank" against Banco Delta Asia, a N. Korea's favorite bank in Macau, which has been under investigation for some time. It will be highly likely that the bank will be liquidated and sold to another party or disappear altogether.

With this precedent set, slapping financial ban on Iran's Revolutionary Guards, which are heavily into Iran's key strategic businesses, gas and oil, will virtually cripple Iran's economy. This is something U.S. can do outside the diplomatic framework, if push comes to shove.

I hope it works.

1 posted on 03/13/2007 8:57:44 PM PDT by TigerLikesRooster
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To: TigerLikesRooster; AmericanInTokyo; OahuBreeze; yonif; risk; Steel Wolf; nuconvert; MizSterious; ...

Ping!


2 posted on 03/13/2007 8:58:42 PM PDT by TigerLikesRooster (kim jong-il, kae jong-il, chia head, pogri, midget sh*tbag)
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To: TigerLikesRooster; Jet Jaguar; All

OH OH maybe that reason why China and Russia is fearin Iranian sanctions


3 posted on 03/13/2007 9:07:18 PM PDT by SevenofNine ("We are Freepers, all your media belong to us, resistence is futile")
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To: KylaStarr; Cindy; StillProud2BeFree; nw_arizona_granny; Velveeta; Dolphy; appalachian_dweller; ...

ping


4 posted on 03/13/2007 9:11:24 PM PDT by Calpernia (Breederville.com)
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To: TigerLikesRooster
...slapping financial ban on Iran's Revolutionary Guards, which are heavily into Iran's key strategic businesses, gas and oil, will virtually cripple Iran's economy

Works for me.

5 posted on 03/13/2007 9:18:19 PM PDT by Tax Government (If and when America is hit by terrorists again, I expect all democrats to fall on their swords.)
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