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Photo by: REUTERS/Kevin Lamarque

‘Obama urging US lawmakers to soften Iran sanctions’

By REUTERS
12/06/2011 21:55

Senator Mark Kirk says Obama administration trying to undermine sanctions

WASHINGTON – The Obama administration is urging US lawmakers to soften proposed sanctions targeting Iran’s central bank, Senator Mark Kirk said on Tuesday.

Kirk, a Republican, is the co-author along with Democratic Senator Robert Menendez of a proposal to penalize foreign financial institutions that do business with Iran’s central bank, the main conduit for its oil revenues.

Read More: http://www.jpost.com/International/Article.aspx?id=248396