US Senate votes for sanctions against Iran's central bank

Other News Materials 2 December 2011 09:54 (UTC +04:00)

The US Senate voted unanimously in favour of sanctions against Iran's central bank as part of the dispute over Iran's nuclear programme, DPA reported.

Companies and financial institutions would not be allowed access to the US market if they do business with Iran's central bank, according to the legislation passed late Thursday.

"Iran's actions are unacceptable and pose a danger to the United States and the entire world," Harry Reid, the Senate majority leader, said in reaction to the vote.

The White House has criticised the proposed sanctions, saying they could damage allies and weaken the international front against Iran's atomic programme.

There are also worries that the sanctions could push oil prices higher.

The sanctions also need the approval of the House of Representatives and the president to come into force.