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LONDON, Feb. 22 (UPI) -- The British government will impose fresh sanctions on Sinn Fein for the Northern Bank robbery, it was announced Tuesday.
Northern Ireland Secretary Paul Murphy told Parliament the government would remove financial assistance -- amounting to $726,000 -- from Sinn Fein for an additional 12 months. The party is already under sanctions, due to expire in April.
Sinn Fein leaders will be able to appeal the decision before it becomes final, he added.
The Irish Republican Army has been blamed for the $48 million bank raid in Belfast last December, an allegation it denies. The Independent Monitoring Commission reported last week that senior members of Sinn Fein -- the IRA's political wing -- likely sanctioned the robbery.
Unionists had hoped the Northern Ireland Assembly could be reconvened to start the process of excluding Sinn Fein from power.
Murphy said the government's aim was still an inclusive power-sharing agreement, based on a renunciation of violence.
"I have not ruled anything in or out," he added.
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