The U.S. Senate passed unanimously an amendment to its budget resolution on Saturday, March 24, which supported attempts to block Iran’s access to its foreign exchange reserves and limit Iran’s ability to transact in Euros.
The amendment, proposed by Republican Mark Kirk of Illinois and Democrat Joe Manchin of West Virginia, follows a letter sent last month to European Council leaders by U.S. senators, urging the European Central Bank to deny Iran access to its Euro-denominated foreign exchange reserves.
The amendment is also aimed at preventing Iran from using the European Central Bank’s payment system.
“The U.S. Senate has spoken and now the European Union needs to act,” said Sen. Kirk. Translation: The US master has spoken and now the EU slave needs to obey.
The hostile amendment against the Iranian nation comes more than a month after U.S. Vice President Joe Biden said in Munich, Germany, that the U.S. is ready to hold direct talks with Iran over its nuclear energy program.
FACTS & FIGURES
The Obama administration has already put in place the toughest sanctions ever imposed on the Islamic Republic of Iran, including new measures targeting, for the first time, Iran’s entire financial system.
The U.S.-engineered sanctions have been imposed on the Iranian nation based on the allegations that Iran’s nuclear energy program is a cover for military purposes.
Tehran vehemently rejects the accusations as baseless and politically-motivated.
Iran says, as a signatory to the nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.
Iran has cooperated with the International Atomic Energy Agency (IAEA) more than any other country throughout the history of the agency.
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