Statement by the President on Today’s Iran-related Sanctions

I applaud today’s actions by our partners in the European Union to impose additional sanctions on Iran in response to the regime’s continuing failure to fulfill its international obligations regarding its nuclear program.  These sanctions demonstrate once more the unity of the international community in addressing the serious threat presented by Iran’s nuclear program.  The United States will continue to impose new sanctions to increase the pressure on Iran.  On December 31, I signed into law a new set of sanctions targeting Iran’s Central Bank and its oil revenues.  Today, the Treasury Department announced new sanctions on Bank Tejerat for its facilitation of proliferation, and we will continue to increase the pressure unless Iran acts to change course and comply with its international obligations.