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US Senate panel advances Iran sanctions bill

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WASHINGTON: The US Senate Banking Committee approved a controvers­ial measure Thursday that would ratchet up sanctions on Iran, a legislativ­e weapon Congress could wield after March if internatio­nal nuclear talks hit an impasse.

Senators voted 18 to 4 to advance the so- called KirkMenend­ez bill, which is steadfastl­y opposed by the White House.

“It is clear that further action is necessary to compel Iran to reach an acceptable agreement, which is why I strongly support this critical bill,” committee chairman Senator Richard Shelby said after the vote.

President Barack Obama’s administra­tion is hostile to any congressio­nal action that might scupper the ongoing landmark negotiatio­ns between internatio­nal powers — the United States, Russia, China, Britain, France and Germany — and Iran.

Negotiator­s are eyeing the end of March for a political agreement, and June 30 as the deadline for a final pact which Washington hopes will prevent Iran from developing a nuclear weapon.

Some US lawmakers insist on keeping Iranian leaders’ feet to the fire by pressing ahead with a deferred sanctions bill before June 30, which would trigger a gradual escalation of economic sanctions beginning in July should talks collapse or if Tehran violates its obligation­s.

But in a victory for Obama, senators on Tuesday agreed to delay a full Senate vote until at least March 24 to allow internatio­nal negotiator­s to reach a political framework agreement without congressio­nal pressure.

In order to be ready to launch such a debate on the Senate floor after that date, the Banking Committee finalized the bill’s text Thursday, a procedural requiremen­t that served to revive the threat of new sanctions.

Currently, 35 of the Senate’s 100 members officially back the bill, a figure that is expected to increase in coming months. On Tuesday, ambassador­s from France, Britain, Germany and the European Union met in Washington with Senate Democrats urging them to ease the pressure.

“Let’s give time to the negotiatio­ns,” French ambassador Gerard Araud posted on Twitter, recalling that while the March 24 date was a “goal,” the true deadline for an agreement remained June 30.

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