ABC Money
Home

Rice downplays differences with Russia over Iran sanctions


Published :
Fri, 26 Oct 2007 12:44
By : Agencies
Print this Story


AddThis Social Bookmark Button

WASHINGTON (Thomson Financial) - The US has downplayed differences with Russia over new US sanctions meant to punish the Islamic republic's nuclear ambitions and alleged sponsorship of

terrorism.

Asked about Russia's apparent non-support for the unilateral US sanctions announced Thursday, Secretary of State Condoleezza Rice allowed on NBC television that 'we may have some tactical differences.'

But she insisted that Moscow did not want Tehran to have a nuclear weapon either, and that the United States and Russia were on the same page with regard to Iran at the United Nations.

'A nuclear weapon in the hands of the Iranian regime would be deeply destabilizing, and we cant sit idly by,' Rice said.

'The international community needs to get tough, to give the sanctions some teeth,' she said.

The US sanctions unveiled Thursday targeted the Islamic Revolutionary Guard Corps, accused of spreading weapons of mass destruction (WMD), and the IRGC's elite Quds Force, which was designated as a supporter of terrorism.

Three Iranian state-owned banks were also blacklisted, along with IRGC-controlled companies and the logistics arm of Iran's defense ministry, as the United States stepped up a drive to squeeze Iran out of global banking.

Through ever-stricter sanctions, Washington has tried and failed to exert pressure on Iran ever since the US embassy hostage crisis that erupted following the 1979 Islamic revolution.

Asked if Iranian President Mahmoud Ahmadinejad would not simply scoff at the new sanctions Rice said: 'we are trying to appeal to those (in Iran) who may understand that the path Iran is on' is dangerous.

'We have offered a pathway of negotiations,' Rice said. 'There is an easy road ahead for Iran if they want to take it.'

She added: 'I will meet my counterpart any time anywhere if they will simply suspend their programs.'

tf.TFN-Europe_newsdesk@thomson.com

wj

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.




Share on


 You Might Like
Rice calls on Russia to bolster democratic institutions
Germany's Merkel says further sanctions against Iran may be necessary
+
Britain backs US on Iran sanctions

Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 ABCmoney.co.uk, All Rights Reserved
*ABCMoney.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.