VOL. XLI

No. 15

13-April-1998

IRAQ

US Administration Rebuffs Congressional Bid To Set Deadline For ILSA SanctionsDecisions

The past couple of weeks have seen the firing of the first shots in what could developinto a bruising conflict between Congress and the US Administration concerning theimplementation of the 1996 Iran-Libya Sanctions Act (ILSA) which mandates the President toimpose sanctions on non-US companies investing $20mn or more annually in oil and gasprojects in Iran (or $40mn or more...