Western states step up sanctions on Iran

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WASHINGTON (Reuters) – The United States, Britain and Canada announced fresh plans Monday to sanction Iran’s financial and energy sectors, steps analysts said would raise pressure on Tehran but were unlikely to halt its atomic program. A shield of arms adorns a wall inside the Treasury in central London, October 20, 2010. REUTERS/Chris Ratcliffe/Pool The United States named Iran as an area of “primary money laundering concern,” a step designed to isolate its banking sector; blacklisted 11 entities and individuals suspected of aiding its nuclear programs; and expanded sanctions to target companies that help develop its oil and petrochemical industries. The United States stopped short,…

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