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Syria-Lebanon-Iran
Iran rejects US threat of sanctions coalition
2006-08-29
Iran said yesterday a US threat to form an independent coalition to impose sanctions if the UN Security Council failed to act over Tehran's nuclear programme was an insult to the council's work. The Los Angeles Times reported on Saturday that the US ambassador to the United Nations, John Bolton, had indicated Washington was prepared to act independently with allies to freeze Iranian assets and restrict trade if the council did not.

The United States has previously called for a swift response if Iran does not heed the Security Council's Thursday deadline to halt uranium enrichment, a process that can make fuel for reactors or material for warheads. "These remarks [by Bolton] are an obvious insult to the Security Council," Iranian government spokesman Gholamhossein Elham told a weekly news conference. "These remarks are just bullying and baseless remarks and show that they [the US] is not competent to be a member of the Security Council."

The LA Times said Washington planned to introduce a resolution imposing penalties soon after the Aug 31 deadline if Iran's position did not change. Analysts say opposition from veto-wielding powers Russia and China could delay any move.

Iran has so far shown no sign it will halt enrichment, which the West says Iran is using to build atomic bombs, a charge Tehran denies. "The Islamic Republic has repeatedly announced that using nuclear weapons is not in our defence policies," Elham said.

Bolton said Washington was working on a parallel diplomatic track outside the United Nations if Russia and China did not accept the resolution, the LA Times reported.
Posted by:Fred

#1  Oil cash has been going into Iran like crazy ever since oil prices have gone up. What would be the effect of economic sanctions and the freezing of Iranian assets by an independent coalition? Iran has plenty of cash and plenty of oil. The world needs oil. It doesn't seem that sanctions would have all that great an impact on Iran's present nuclear policies. That begins to lead to the other option--eventually taking out their nuclear facilities.
Posted by: JohnQC   2006-08-29 15:59  

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