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1/27/07

Khaleej Times Online - US urges Europe to follow sanctions on Iran bank

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US urges Europe to follow sanctions on Iran bank

The United States urged the European Union this week to join it in banning business with Iran’s Bank Sepah, which it accuses of funding efforts to secure the atom bomb, a US official said on Thursday. US Deputy Treasury Secretary Robert Kimmitt argued such a move was required by a UN resolution on Dec. 23 threatening Iran with sanctions if it did not halt activities that the West suspects are aimed at acquiring a nuclear bomb. Iran says its nuclear programme is peaceful.

“He said they should take that action because of the UN Security Council resolution which they signed on to,” the US official said of Kimmitt’s meetings with EU foreign policy chief Javier Solana and others during a trip to Brussels on Monday.

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