Undersecretary of State Wendy Sherman and Undersecretary for Terrorism and Financing David Cohen today acknowledged that European businesses are abuzz with preparations to rush back into Iran as some sanctions are suspended in exchange for Tehran agreeing to curb its nuclear program. Both are trying to allay the concerns of lawmakers eager to slap more sanctions on Iran.
Cohen told the Senate Foreign Relations Committee that he has been travelling abroad with the message that Iran is not open for business. Both he and Sherman told Congress that those who violate existing sanctions will be targeted.