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NEWS ABOUT: economic sanctions

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Bin Laden Son Leaves Iran for Pakistan

US thinks Tehran held Saad as leverage against attacks

(Newser) - American officials say Saad bin Laden, a son of Osama and an al-Qaeda operative, is free from years of house arrest in Iran and is now in Pakistan, the New York Times reports. The circumstances of his enforced stay in Iran are unclear, as are those surrounding his release, or... More »

Hey, World: Cheering Obama Isn't Enough

'Don't just show us the love, show us the money, the troops,' writes Freidman

(Newser) - The world is rejoicing at the election of Barack Obama, and that's great. But Obama has a tough road ahead—so let’s see if the global community can put its money and troops where its mouth is, writes Thomas Friedman in the New York Times. Rather than just smiling... More »

EU Threatens Sanctions on Russia

Asian alliance, including China, condemns aggression

(Newser) - The European Union is considering sanctions against the Great Bear over its incursion into Georgia, French Foreign Minister Bernard Kouchner said today, as EU leaders head to an emergency summit. And a Russian plea for support from the East was strongly rebuffed by members of an Asian alliance that includes... More »

US-EU Summit Eyes New Iran Sanctions

Bush kicks off farewell European tour in Slovenia

(Newser) - President Bush arrived today in Slovenia, which currently holds the EU's rotating presidency, on his last presidential visit to Europe. He met for 2 hours with European leaders at a  US-EU summit, which then issued a statement that member nations would impose new financial sanctions against Iran unless it ends... More »

US to Press N. Korea on Nukes: Bush

Prez disputes rumor that Washington will compromise

(Newser) - President Bush challenged rumors today that Washington will go easy on North Korea's nuclear program, the AP reports. Pyongyang must "provide a full declaration of its nuclear programs" and disable its reactor, Bush said at US talks with South Korean President Lee Myung-bak. "Some people are precluding, you... More »

Iran's Latest Nuclear Moves Raise Hackles

France proposes tougher sanctions after 6K centrifuges added

(Newser) - Iran began installation today of 6,000 high-capacity centrifuges at its Natanz uranium-enrichment facility, Reuters reports. To the chagrin of Western powers, President Mahmoud Ahmadinejad marked Iran’s “National Day of Nuclear Technology” with the announcement. The US said Iran’s move showed it was determined to disobey the... More »

UN Cranks Up Iran Sanctions

Security Council continues to press Tehran on nuclear concerns

(Newser) - The UN hit Iran with a third round of sanctions today for refusing to halt its nuclear enrichment program, Reuters reports. The 14-0 security council vote approved more travel and financial limits and boosted trade restrictions, but was curbed by a US report that Tehran had scuttled its nuclear weapon... More »

Iran Sanctions Might Not be Working: GAO

With $20B in energy contracts, economic pressure easy to dodge

(Newser) - Sanctioning Iran may not have actually worked, the Government Accountability Office said yesterday, just as the US pushes for a fresh round of UN sanctions. Restrictions on state-owned banks are easy to circumvent, the report notes, and Iran has signed $20 billion in energy contracts since 2003. The “evidence... More »

US Sets 2-Week Deadline for Iran Sanctions

Vows to push UN for tougher nuke stance, faults Russia, China

(Newser) - The US vowed today to fight for new UN sanctions on Iran if its Mideast rival doesn’t stop nuclear activity within two weeks, Reuters reports. Undersecretary of State Nicholas Burns blamed Russia and China for delaying a third round of economic sanctions; those nations hold veto power on the... More »

With New US Sanctions, Iran Looks East

China poised to become Tehran's biggest trading partner

(Newser) - As Iran is increasingly squeezed by new US sanctions and pressure from the UN, the country looks east for new economic alliances. China is about to overtake Germany as Iran's largest trading partner, and with oil prices skyrocketing, it looks as though Iran will be able to weather the storm... More »

Iran Looms Large in Campaign

Iran is the new Iraq on the stump

(Newser) - Iran is beginning to dominate the campaign rhetoric of White house hopefuls of both parties as Iraq once did, reports CNN. Tough US sanctions against Tehran and growing indications of some kind of military intervention to halt the development of nuclear weapons are being compared with the steps taken in... More »

Bush Tightens Sanctions on Burma

Urges China, India to respond to junta's 'vicious persecution'

(Newser) - President Bush expanded sanctions against Burma today, citing the junta's ongoing "vicious persecution" of protesters. Acknowledging the limits of US influence, he called on India, China and other neighbors to put pressure on the military regime he accused of "ongoing atrocities," Reuters reports. The new sanctions include... More »

Iran Sanctions Delayed Until November

World powers put off taking action against nuclear program

(Newser) - Foreign ministers from the US, China, UK, Russia, Germany, and France agreed today to postpone a vote on sanctioning Iran for its nuclear program until at least the end of November. The date depends on reports from the UN nuclear watchdog and EU foreign policy chief Javier Solano, whom the... More »

Bush Unloads on Burmese Junta

Prez announces new sanctions, visa ban at UN

(Newser) - President Bush told the UN General Assembly today that the US will tighten economic sanctions on Burma and impose a travel ban on its military junta leaders. The US has long maintained an embargo against the country, which is now in its eighth day of anti-junta protests. “The people’... More »

Bush Asks Congress to Double AIDS Effort

Calls for $30 billion over 5 years, after he's out of office

(Newser) - President Bush wants to double the funding of a U.S. program that battles the global AIDS crisis. Bush will ask Congress today to commit $30 billion over the next five years after the current program expires in 2008. The extra cash could save the lives of 1.5 million... More »

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