New Iran sanctions bill stalls in US Senate

New Iran sanctions bill stalls in US Senate

Two top US senators agreed with the White House Thursday that Washington should not introduce new sanctions against Iran, warning they could "rupture" international unity against Tehran's nuclear program, AFP reported.

The comments by the top Democrat and Republican on the Senate Banking Committee virtually assured that no new sanctions legislation would pass Congress before the year-end break, although lawmakers could controversially introduce a new sanctions bill within the next week.

Senate Banking Committee chairman Tim Johnson and the committee's top Republican Michael Crapo appeared to support the current diplomatic pause sought by President Barack Obama to allow an interim agreement with Iran that halts its nuclear program to take hold.

"Let me be clear. I support strong sanctions, and authored many of the US sanctions currently in place," said Johnson, who has been in the spotlight over whether he would introduce a new sanctions regime this year, as several senators have sought.

"But I agree that the administration's request for a diplomatic pause is reasonable," Johnson told a hearing by the panel.

"A new round of US sanctions now could rupture the unity of the international coalition against Iran's nuclear program."

Johnson also made clear that he was already crafting new sanctions behind closed doors.

"I have negotiated a new bipartisan sanctions bill with my ranking member (Crapo) that could be finalized and moved quickly if Iran fails to comply with the terms of the first-step agreement in Geneva, or if negotiations collapse."

Johnson's fellow Senate Democrat Robert Menendez and Republican Mark Kirk also have been drafting a bill that they want to see passed sooner rather than later.

It would impose tough new economic sanctions on Iran if it renegs on the six month interim deal it struck last month with the P5+1 group -- the United States, Britain, China, France, Russia and Germany.

Menendez and Kirk have the support of Senator John McCain, who said Wednesday he hoped the new legislation could bypass committee consideration and be introduced directly to the Senate floor.

But on Thursday Crapo appeared focused on enforcing "existing" sanctions pressure.

"The United States must continue to vigorously enforce the existing core sanctions architecture and develop a sanctions plan of action in the event that negotiations do not produce the result diplomats want," Crapo told the hearing.

Two administration officials, including the Treasury's Under Secretary for Terrorism and Financial Intelligence David Cohen, warned that new congressional action could derail the agreement altogether.

"There'd be a real risk to the effectiveness of our sanctions regime if Congress were to pursue new sanctions legislation now," Cohen testified.

Azerbaijani banks greatly expand mortgage lending volume - CBA
Azerbaijani banks greatly expand mortgage lending volume - CBA
Execution of memorandum on improving insurance literacy starts in Azerbaijan
Execution of memorandum on improving insurance literacy starts in Azerbaijan
WB expresses readiness to provide digital transformation support to Azerbaijan
WB expresses readiness to provide digital transformation support to Azerbaijan
Loading Bars
Latest
German court clears path for EU COVID-19 recovery fund
Iran’s NIDC announces number of drilled wells
Iran adds advanced machines at Natanz uranium enrichment plant: IAEA
Italy's cabinet unveils roadmap for reopening starting April 26
Pakistan: Several killed in explosion at Quetta hotel
MSF urges rich countries to back COVID vaccine patent waiver
U.S. commanders seek approval for aircraft carrier near Afghanistan during withdrawal
Britain's Heathrow Airport turns down airline requests for extra flights from India
Qatar reports 819 new COVID-19 cases, 199,180 in total
Uzbekistan reveals number of investment projects implemented with S.Korea, Japan
Azerbaijani gymnast reaches final of European Championship in Basel
Turkey records highest daily COVID-19 deaths toll yet, total nears 37,000
Executive power of Azerbaijan’s Astara district opens tender for overhaul of roads
Georgia introduces new regulation on activation of roaming services
Azerbaijan to increase production of pomegranate in 2021
Iran halts flights to 39 countries due to rising COVID: CAO
NASA, SpaceX delay Crew-2 mission launch to space station
Over 200 mln COVID-19 shots administered in U.S.
Olympic motto may be altered, IOC President says
Turkey extends short-term work pay scheme until June
Uzbekistan Airways plans to discontinue flights to nine countries
Review of Georgia's exports to China
Azerbaijani banks greatly expand mortgage lending volume - CBA
EU provides more details on projects supporting in Georgian energy sector
Iran's Energy Exchange announces products to be on sale on April 24
Extension of contract for dev't of gold-bearing deposit approved in Azerbaijan
Geostat reveals data on China's exports to Georgia
UK records another 2,396 coronavirus cases, 22 deaths
Robert F. Kennedy Human Rights, Nizami Ganjavi Int'l Center to discuss need for human rights advocacy
Armenia demonstrates fascism in relation to historical monuments - Azerbaijani State Committee
Karabakh ceasefire agreement signed, time to move forward - Commissioner for Human Rights
Some Russian airlines receive permission to make regular flights to Azerbaijan
View of Azerbaijan's liberated territories horrifying - Belarus ambassador
Execution of memorandum on improving insurance literacy starts in Azerbaijan
Uzbekneftegaz completes drilling operations on several wells
Number of transactions at Uzbek Commodity Exchange for 1Q2021 increases
EIB to assist Uzbekistan in developing credit line for project in Aral Sea region
Longest tunnel in Iran to be opened by end of spring
WB expresses readiness to provide digital transformation support to Azerbaijan
Iran creating water trading market
Volume of credit investments in Azerbaijan's economy declines
Iran’s Bahar Azadi gold coin price rebounds
WB predicts fall in gold prices in 2021
Kazakhstan to establish new mobile operator
Exports markets demonstrate growing demand for Georgian medications
Kazakhstan talks ongoing work to open CLAAS agricultural vehicles' assembly plant
Turkmenistan's Turkmenbashi refinery to launch production of Jet A-1 aviation fuel
Uzbekistan, Latvia consider prospects for co-op in ICT
Azerbaijan shows footage from Bash Garvand village of Aghdam district (VIDEO)
Postal operators of Azerbaijan, Turkey launch money transfer service at favorable tariffs
India’s crosses a Landmark with Cumulative Vaccination Coverage more than 13 Crores
SOCAR Ukraine bidding for Odessa Port Plant’s tender
London Bridge station reopens after suspicious item investigated
Uzbek-Korean JSC announces tender for transport services
PM Modi to address virtual Leaders' Summit on Climate tomorrow
Turkmenistan's Turkmengeology opens tender for purchase of equipment
Delayed tourism recovery affects Georgian economic growth forecast
India gets elected to three UN ECOSOC bodies
Turkmenistan's Turkmengas opens tender for purchase of chemical products
UK extends G7 Foreign Ministers' meeting invite to India
Kazakhstan’s national postal service operator to buy spares via tender
Georgia prepares for UN Food Systems Summit 2021
Azerbaijan shares data on number of vaccinated citizens for Apr. 21
Azerbaijan confirms 2,075 more COVID-19 cases, 2,480 recoveries
Iran Khodro declares amount of money to be saved
IRICA discloses details of Iran’s trade turnover with neighboring countries
Turkey reveals volume of goods received at Bandirma port in 2M2021
Georgian commercial banks see increase in profits
Industrial parks will also operate in Karabakh zone - President Aliyev
COVID-19 stalls launch of direct flights between Kazakhstan, US - ambassador
European countries to resume J&J COVID vaccine deliveries
Azerbaijan discloses volume of vehicles assembled at Ganja Automobile Plant
Dutch Stone City Energy to build TPP in Uzbekistan’s Surkhandarya region
WB names amount of allocations to countries against COVID-19
Carbamide production in Azerbaijan to grow, WB forecasts
Baku Stock Exchange holds auction on placement of CBA short-term notes
Turkmenistan's gas compressor plant contributes gas supply to oil wells
Eurasian Development Bank to support hospitals construction in Kazakhstan
Number of Kazakh companies increases in Turkey
Turkey unveils volume of cargo shipment through Kocaeli port
Onion exports from Georgia up, while imports decrease
Azerbaijan's Ganja Automobile Plant looks to enter markets of EAEU, neighboring countries
TCO talks release of excess amount pollutants at Kazakhstan’s Tengiz field
Azerbaijan eyes to introduce biometric e-signature system
Verizon loses more-than-expected wireless subscribers
Pace of Turkmen industry dev’t accelerating
Volume of Azerbaijan's 1Q2021 oil export to Spain disclosed
Austria increases import of Turkish-made chemicals
Silk Way West Airlines named ‘Cargo Airline of the Year 2020’
Turkey's 1Q2021 furniture export to Austria shows increase
Turkey's furniture export to Iran up
WB says global coal prices to jump in 2021
Cost of electricity imports to Georgia increase
Iran's Jam Petrochemical Complex sees increase in sales
Ukrainian Bees Airline plans to carry out Kyiv - Tbilisi - Kyiv flights
Azerbaijani state budget receipts through State Customs Committee exceed forecasts
Israel and UK consider green travel corridor
Chanel loses European court fight in trademark dispute with Huawei
Azerbaijan records decrease in lending to communications, transport sector
US committed to help diversify economic opportunities for people of Kazakhstan
All news