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New Sanctions Fail to Impose Serious Costs on Iran
(Globe and Mail-Canada) Paul Koring - "These are not the crippling sanctions that Secretary of State Hillary Clinton had promised about a year ago," said James Lindsay, senior vice-president of the Council on Foreign Relations. "China and Russia insisted that the resolution contain nothing that would impose broad costs on the Iranian economy - or damage Chinese and Russian commercial interests." The sanctions leave untouched the $100 billion in annual oil exports that underpin Iran's Islamic regime and pay for its nuclear program, which Washington says is an ill-disguised effort to acquire nuclear weapons.