“The United States and European Union have imposed tough sanctions on Iran that have weakened its economy. But Tehran has found ways to bypass the penalties, such as Turkey’s use of gold to pay for Iranian natural gas imports.  The Menendez-Kirk measure would allow the president to impose sanctions in cases of the sale or transfer of precious metals, targeting efforts by Iran to circumvent the penalties.”

http://www.csmonitor.com/USA/Latest-News-Wires/2012/1130/Iran-Oil-for-gold-deals-bypass-sanctions-US-unveils-new-penalties

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