Prepared Testimony by Under Secretary for Terrorism and Financial Intelligence Stuart Levey Before the Senate Banking Committee Hearing: Minimizing Potential Threats from Iran: Assessing the Effectiveness of Current U.S. Sanctions on Iran

March 21, 2007

Weapon Program: 

  • Nuclear
  • Missile

The challenges posed by Iran have become particularly urgent, and the Administration is employing a multi-faceted strategy to meet them. I know you are hearing much about that strategy today from my colleague, Under Secretary of State for Political Affairs Nicholas Burns. The Department of State’s diplomatic efforts have yielded critical successes, including a unanimously adopted UN Security Council resolution last December, Resolution 1737, imposing Chapter CII sanctions on Iran’s nuclear and missile programs. As a result of Iran’s 
noncompliance with that resolution, including its expansion rather than suspension, of uranium enrichment, the Security Council is now set to pass a follow-on resolution with expanded sanctions. That our international partners now support pressuring the Iranian regime to comply with its international obligations is a true credit to Under Secretary Burns’s patient, yet persistent, diplomacy.

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