Word: libya
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...Peter Tarnoff telephoned Ankara to warn him that he was defying Washington's campaign to isolate Tehran for its sponsorship of international terrorism. Just a week before, President Clinton had signed with great fanfare a new sanctions bill to curb major investments in Iran and its fellow rogue state Libya. But Erbakan went to Tehran, and last week he upped the affront by endorsing a contract to buy $23 billion worth of Iranian...
...question now is whether Turkey will become the first offender to be penalized under the brand-new Iran and Libya Sanctions Act of 1996. The legislation, Clinton insists, will hit hard at terrorism, "the enemy of our generation." In fact, the law inflicts its punishment on America's allies, doing virtually nothing to prevent states from supporting terrorists but imposing sanctions against companies in Turkey as well as Italy, France, Germany or any other nation that makes a major investment in the Iranian or Libyan petroleum business...
...superpower weight around? Yes, Washington often berates other countries, promises benefits or denies privileges to get its way. But the Helms-Burton law, which permits Cuban Americans to go to court in the U.S. to sue foreign companies "trafficking" in their property seized by the Castro regime, and Iran-Libya sanctions, which bar U.S. financing and export rights to foreign firms making new investments in Libyan or Iranian oil and gas, are something different. They threaten to punish private individuals outside the U.S. who do not obey laws passed by Congress...
...alter Europe's approach, says Sir Leon Brittan, trade commissioner at the E.U. in Brussels, "establishes the unwelcome principle that one country can dictate the foreign policy of others." U.S. allies believe that neither of the new laws is likely to inflict any significant pain on Cuba, Iran or Libya, much less improve their objectionable behavior. The Turkish gas deal is a case in point. "These laws have nothing to do with fighting terrorism," says French Foreign Minister Herve de Charette. Of course, the Europeans do have an economic interest in retaining links to the outcasts: they import nearly...
BRUSSELS, Belgium: The European Union is preparing a sharp response to a U.S. law signed by President Clinton on Monday that will punish non-U.S. companies investing in Libya and Iran, nations the U.S. accuses of sponsoring terror. The Europeans' first response, now underway, is drafting legislation that would make it illegal for European companies to comply with either the anti-terror law or the Helm-Burton Act, which provides similar U.S. sanctions against businesses dealing with Cuba. From there, the EU is also considering limiting the visas of U.S. business executives -->