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U.S. Drafting Sanctions as Iran Ignores Deadline

[New York Times] Helene Cooper and David E. Sanger - With Iran defying a Thursday deadline to halt production of nuclear fuel, the U.S. and three European allies are assembling a list of sanctions they would seek in the UN Security Council, beginning with restrictions on imports of nuclear-related equipment and material. Eventually, punitive measures might expand to restrict travel by Iran's leaders and limit the country's access to global financial markets. Aside from the effort in the Council, the Bush administration is also seeking to persuade European financial institutions to end new lending to Iran. Some Swiss banks have already quietly agreed.
2006-08-31 01:00:00
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