The statement comes just two days after the US and Britain announced further sanctions on the Islamic Republic. The US is currently avoiding taking penal measures against Iran's central bank fearing that it may cause a spike in global oil rates and put a strain on Western financial recovery programs.
- EU reaches deal on new Iran sanctions
The US Treasury announced late Monday night that it has imposed sanctions on 11 entities and individuals under an existing executive order for their alleged assistance to nuclear program, including its enrichment and heavy-water programs. Their assets were frozen and any US person is banned from doing business with them.
Netanyahu and Romanian PM Emil Boc (Photo: Amos Ben Gershom, GPO)
Treasury Secretary Timothy Geithner issued a warning that any firms doing business with Iran's banking sector could run the risk of funding illicit activities.
During a press conference with his Romanian counterpart, Emil Boc, Netanyahu also addressed Israel's ties with Cairo as Egypt gears for elections.
"Israel and Egypt have a solid interest in maintaining peace in order to guarantee the stability of the heart of the Middle East," Netanyahu said. He added that he hoped the new government will uphold the peace treaty.
"There are many reasons to maintain peace and we know there are many elements trying to break it, but we are coordinated with the Egyptians in maintaining peace in a practical sense by fighting infiltrations and terror acts."
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