2/10/2010

The U.S. is building a portfolio of sanctions against Iran that specifically targets the Islamic Revolutionary Guards Corps in response to Iran's announcement it will continue efforts to enrich uranium -- a process that could contribute to a nuclear weapons development program. Russia joined the U.S. with an atypically harsh response, while China, which has said it opposed sanctions against Iran before, was mute on the announcement. The goal of the sanctions, which would affect a large number of companies that does business with the Revolutionary Guards, would be to drive a wedge between Iranians and the security forces by making it too expensive for companies to do business with Iran.

Full Story:
NYTimes.com

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