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Obama signs bill imposing Iran banking sanctions

01-01-2012 13:06 BJT

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US President Barack Obama has signed into law a wide-ranging defense funding bill, which includes new sanctions against financial institutions doing business with Iran’s state banking institutions.

The bill, approved by Congress last week, aims at reducing Tehran’s oil revenues, but gives the US president powers to waive penalties as required.

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US to impose new sanctions on Iran 2011-12-13
Obama authorizes new targeted sanctions on Iran 2011-11-22
Obama: Iran to face "toughest sanctions" 2011-10-14

Editor:Zhang Dan |Source: CNTV.CN

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