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He said Russia won't agree to the "exterritorial use of the US law." Doing so he said "gross(ly) violat(es) fundamental principles of international law."
He added that Iran's nuclear program is entirely peaceful. Its "nuclear material has not been switched to military needs." Sanctions, of course, target Iranian independence.
They're unrelated to its nuclear or other issues. They're smoke screen cover for what's really at stake. Washington tolerates no outliers. Independent nations are targeted. Iran tops the list. Sanctions, of course, change nothing. America has tougher measures in mind.
For now, piling on is policy. On August 10, the Iran Threat Reduction and Syrian Human Rights Act of 2012 was enacted. Previous loopholes were closed. An illegal embargo was tightened.
Iran's oil, petrochemical, or natural gas industries were targeted. So were activities relating to them.
On October 9, Obama signed an Executive Order (EO) headlined "Executive Order from the President regarding Authorizing the Implementation of Certain Sanctions Set Forth in the Iran Threat Reduction and Syria Human Rights Act of 2012 and Additional Sanctions with respect to Iran."
Section 218 covers non-US companies incorporated and operating outside America. They include ones owned or controlled by US corporations. Foreign US subsidiaries henceforth are administered by the Treasury Department's Office of Foreign Assets Control (OFAC).
Draconian sanctions were further tightened. US companies can be sanctioned for foreign subsidiary violations. Henceforth, they're required to assure compliance.
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