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From The Washington Post:
Britain, E.U. Plan Iran Sanctions
16 June 2008
British Prime Minister Gordon Brown on Monday announced plans for new sanctions against Iran and a small increase in troops for Afghanistan, handing President Bush a symbolic boost on the last day of his weeklong farewell trip to Europe.
Brown, appearing with Bush at a 10 Downing Street news conference, said Britain and the European Union are expected to act to freeze the assets of Iran’s largest bank, Bank Melli, in response to Tehran’s refusal to suspend its uranium enrichment program.
European action against Bank Melli comes on top of restrictions imposed in October 2007 when the U.S. Treasury Department froze bank assets and halted transactions as part of a broader package of sanctions against state-owned Iranian financial institutions. Bank Melli allegedly sent $100 million to Hamas, Palestinian Islamic Jihad and other terrorist groups from 2002 to 2006, according to Treasury officials.
Treasury has also cut off another major Iranian bank, Bank Saderat, from the U.S. financial system.
“This has been a good trip,” President Bush said at the news conference.
Meanwhile, Israeli sabre-rattling ratchets up another notch, as Der Spiegel reports:
‘MISSION DOABLE’: Israeli Ministers Mull Plans for Military Strike against Iran
The Israeli government no longer believes that sanctions can prevent Iran from building nuclear weapons. A broad consensus in favor of a military strike against Tehran’s nuclear facilities — without the Americans, if necessary — is beginning to take shape.
TEHRAN (Reuters) – Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran’s disputed nuclear ambitions, an Iranian weekly said.