Netanyahu: Further Iran sanctions needed

Jan. 16, 2012 at 10:45 AM
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TEL AVIV, Israel, Jan. 16 (UPI) -- Israeli Prime Minister Binyamin Netanyahu called for further sanctioning of Iran, saying current sanctions aren't effective enough to stop its nuclear program.

Netanyahu said Monday additional, more effective sanctions must be imposed against Iran's central bank and oil industry, Haaretz reported.

"As long as there will not be effective sanctions on Iran's central bank and oil industry, there won't be any effect on its nuclear program," Netanyahu said during a discussion in the Knesset's Defense and Foreign Affairs committee.

Last week, Netanyahu praised existing sanctions against Iran during an interview with The Weekend Australian, saying Iran was starting to fold because of sanctions combined with threats of military action on its nuclear facilities.

European officials have been working on language to ban the purchase of Iranian oil, and are expected to agree to the measure Jan. 23, Haaretz said.

Netanyahu also commented on the current talks with the Palestinians, saying he is prepared to drive to Ramallah to talk with Palestinian Authority President Mahmoud Abbas, but the Palestinian president has refused.

He blamed Saeb Erekat, part of the team negotiating with Israel on establishing a Palestinian state, for violating an agreement not to discuss talks that took place in Amman, Jordan, and for raising additional conditions.

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