Iran General NewsBush extends Iran, Libya sanctions law

Bush extends Iran, Libya sanctions law

-

AFP: US President George W. Bush on Friday extended to September 29 a law that calls for sanctions on entities that invest in Iran and Libya’s energy sectors, the White House said. CRAWFORD, Texas, Aug 4, 2006 (AFP) – US President George W. Bush on Friday extended to September 29 a law that calls for sanctions on entities that invest in Iran and Libya’s energy sectors, the White House said.

Bush signed a provision extending the “Iran and Libya Sanctions Act” of 1996 at his Texas ranch, where he was enjoying a 10-day vacation from Washington.

The law imposes economic sanctions on persons or firms that invest 40 million dollars or more in any 12-month period in Iran or Libya’s oil or gas industries.

Latest news

US Sanctions IRGC’s Foreign Terrorism, Intel Unit Chief

The US government has imposed sanctions targeting the Chief of the Intelligence Unit of Iran’s Islamic Revolutionary Guard Corps...

Iran’s Fruit Production: Exports High, Consumption Low, Prices Soar

Iran's diverse climate, topography, and altitude give rise to a wide variety of fruits, ranging from tropical dates to...

Iran’s impoverished population has skyrocketed

Over the course of a decade, 11 million people (about twice the population of Arizona) have been added to...

Iran’s Medicine Shortage Continues as Production of Sports Supplements Increase

One of the dilemmas before ordinary Iranians is the shortage and skyrocketing price of medicines. All the while, the...

Iranian Regime Presidency Servers Taken Over By Dissidents, Exposing Regime Vulnerabilities

In a significant security breach, the official website of the Iranian regime’s presidency was taken over by Iranian dissidents...

Abolfazl Amir Ataei, 16, Dies After 8 Months In A Coma

Abolfazl Amir Ataei, a 16-year-old teenager in the Iranian capital of Tehran, died on Friday, May 26, after being...

Must read

Iran maintains has right to enrich uranium on own soil

Iran Focus: Tehran, Iran, Dec. 30 – Iran maintained...

China says Iran sanctions talks in NY “constructive”

Reuters: China joined Russia and four other world powers...

You might also likeRELATED
Recommended to you