Aletho News

ΑΛΗΘΩΣ

Obama seeks to exempt Russia, China from Iran sanctions bill

Press TV – April 29, 2010

The White House has reportedly called on Congress to provide waivers in the Iran sanction bill that would allow Chinese and Russian companies to do business with Iran.

The Obama administration is pressing Congress to provide an exemption from sanctions against Iran for certain companies of “cooperating countries,” Foxnews reported on Thursday.

Congressmen believe the decision is aimed at relieving concerns about possible penalties for Chinese and Russian companies and garnering Moscow and Beijing’s support for a fourth round of sanctions against Iran in the UN Security Council.

The move has raised some objections and strong feelings in the Congress.

“These exemptions clearly are aimed at Russia and China, which have business ties to Iran,” Republican Ileana Ros-Lehtinen, who is a conference committee member, told reporters. Appointed by the House of Representatives and the Senate, the conference committee has been formed to resolve disagreements on this particular bill.

On April 28, an Obama administration official confirmed that the White House was pressing the conference committee to adopt the exemption of “cooperating countries” in the sanctions bill. According to reports, once a country is listed among “cooperating countries,” the administration would not have to identify companies from that country as doing business with Iran and can waive the penalties.

April 29, 2010 - Posted by | Aletho News, Wars for Israel

No comments yet.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.