US will independently impose sanctions on Iran

Fr9m Ynet, 26//06, by Yitzhak Benhorrin ...

US worriedly watches as Iranian President Mahmoud Ahmadinejad inaugurated heavy-water reactor and prepares to implement measures after UN Security Council ultimatum expires this upcoming Thursday. Los Angeles Times: If Russia and China thwart international sanctions, US will build independent coalition to impose sanctions

WASHINGTON-VIDEO: Even after Iranian President Mahmoud Ahmadinejad inaugurated the Iranian heavy-water reactor Saturday, the US will have a hard time convincing Russia and China to support sanctions in the Security Council. Official sources in Bush's cabinet said to newspaper Los Angeles Times that if these efforts fail, the US will try to build an independent coalition to impose sanctions on Tehran.

According to the newspaper's headline report, the countries that will participate in a coalition against Iran will freeze assets and will impose sanctions on commerce with Iran. This upcoming Thursday the ultimatum put forth by the UN to Tehran to halt uranium enrichment within the framework of UN Resolution 1696 will expire. The US believes that Japan and the European trio - Germany, France, and Britain – will provide the base for international rallying outside the Security Council in the case that Russia and China block the sanctions.

...US Permanent Representative to the UN, John Bolton ... said in an interview with the Los Angeles Times that the US intends to present a resolution to the Security Council for the punishment of Iran immediately after the UN ultimatum expires on Thursday. The most immediate sanctions will be directed at the Iranian administration, and will not, at this stage, hurt the Iranian people. The American proposal will include a prohibition on the Iranian leadership from traveling outside their country, and a freezing of Iranian leadership's assets outside of Iran. ....

...."You don't need Security Council authority to impose sanctions...," Bolton said. "We will continue to enhance Proliferation Security Initiatives to cut off flows of materials and technology that are useful to Iran's ballistic missile program and nuclear programs. We will be constraining financial transactions under existing terrorism laws."

Bolton clarified in the interview that the US would focus efforts to pressure Japanese and European banks to stop doing business with Iran. This is a hint that the US Treasury Department is holding talks with other countries, which Bolton refused to identify. The Treasury Department reported that they are already seeing the fruits of this effort, including a decision by Switzerland's Union Bank to cut off relations with Iran.