Text Only
Search

 
US Says Iran's Transfer of Foreign Assets Sign of Growing Isolation

21 January 2006

The United States says word that Iran is transferring its assets from Europe is a sign of Tehran's growing isolation over its nuclear program.

In Washington Friday, a State Department spokesman said Iran's moves would not deter international efforts to refer Tehran's nuclear activities to the U.N. Security Council.

He spoke after Iran's Central Bank Governor, Ebrahim Sheibani, said Tehran has started transferring foreign reserves from European banks to southeast Asia.

The move was widely seen as Iran's attempt to protect its assets if U.N. sanctions are imposed. Washington has accused Iran of trying to develop nuclear weapons, a charge Tehran denies.

The Islamic country has also warned that sanctions could trigger a global oil and banking crisis. Iran is the second largest oil producer in the Opec oil cartel, after Saudi Arabia.

Meanwhile, a top Russian energy official says Iran is ready for detailed discussions on Moscow's proposal to conduct Tehran's uranium enrichment in Russia.

Sergei Kiryenko, the head of Russia's atomic energy agency, made the announcement Friday during a televised meeting with President Vladimir Putin. Kiryenko says Iranian officials were due to visit Moscow in the coming days to discuss the plan.

The proposal for uranium to be enriched in Russia for use in Iranian reactors is aimed at eliminating concerns that Tehran could enrich its own uranium for use in nuclear weapons.

The United States and European Union have backed the Russian proposal as a way to break the deadlock over Iran's nuclear program.

Some information for this report provided by AP, AFP and Reuters.

emailme.gif E-mail This Article
printerfriendly.gif Print Version

  Related Stories
Calls for Sanctions Against Iran Grow in US Congress
US Official Says Russia and China Want Action on Iran
Iran Warns of Global Oil and Banking Crisis, if UN Imposes Sanctions
 
  Top Story
Obama Pays Tribute to Fort Hood Shooting Victims 

  More Stories
Details Emerge About Alleged Fort Hood Shooter  Audio Clip Available
Bomb Rocks Northwestern Pakistan
China Ready to Welcome President Obama  Video clip available
US Urges North Korea Not to Escalate Tensions in Yellow Sea
British PM Defends Military Mission in Afghanistan  Audio Clip Available
Lebanon's Unity Government Convenes for First Time
Tropical Storm Ida Downgraded; Moves Inland
Report: Africa's Disappearing Wetlands Produce 'Alarming' Levels of Greenhouse Gas
IEA Urges Action on Climate Change
Somali Pirates Deny Arms Seizure  Audio Clip Available
Cross-Examination Begins in War Crimes Trial of Former Liberian President  Audio Clip Available
US Development of H1N1 Vaccine Hits Snag  Video clip available
Asia to Welcome President Obama  Video clip available
Obama Makes First China Tour as Economic Interdependence Grows  Audio Clip Available  Video clip available
APEC Marks 20 Years, Looks to Future of Regional Trade  Audio Clip Available
Clinton Urges 'Compassion' for Americans Detained in Iran  Audio Clip Available
World War II Museum Expansion Aims at Younger Generations  Audio Clip Available  Video clip available
North Carolina World War II Veterans Honored in Washington  Video clip available