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Clinton urges Iran to accept nuclear offer as it is

US slaps sanctions on Malaysian branch of Iran's Bank Mellat
The US Treasury Department on Thursday announced sanctions against the Malaysian subsidiary of Iran's Bank Mellat, which Washington says helps finance the proliferation of weapons of mass destruction. The Treasury Department said Bank Mellat "has facilitated the movement of millions of dollars for Iran's nuclear program." Sanctions also were slapped on Bank Mellat chairman Ali Divandari who "plays a significant role" in the bank's "activities and decision-making process." US officials in 2008 imposed sanctions on three Iranian banks, including Bank Mellat, accusing them of financing weapons proliferation. Thursday's announcement includes the First East Export Bank PLC, a Mellat subsidiary based in Labuan, Malaysia.

The executive order authorizing the move "freezes the assets of designated proliferators of weapons of mass destruction and their supporters and prohibits US persons from engaging in any transaction with them," the Treasury Department said. Undersecretary for Terrorism and Financial Intelligence Stuart Levey said that the measure helps "protect the integrity of the US financial system and ensure that banks and regulators around the world are aware that First East Export Bank is in fact, an arm of Bank Mellat." Mellat is "an institution that has supported Iran's nuclear program in violation of UN Security Council resolutions," Levey said. Britain in October ordered financial companies to stop trade with Bank Mellat amid alleged nuclear links. The United Kingdom's Treasury Minister Sarah McCarthy-Fry said the move was taken after Bank Mellat provided services to an organization "connected to Iran's proliferation-sensitive activities." Western powers suspect Iran's nuclear program is aimed at making atomic weapons, a charge Tehran denies. The once wholly state-owned Bank Mellat began a process of privatization earlier this year with the aim of selling 80-percent ownership over two years.

by Staff Writers
Washington (AFP) Nov 5, 2009
US Secretary of State Hillary Clinton on Thursday urged Iran to accept unchanged a UN-drafted deal with global powers on its nuclear program.

"As I have said, this is a pivotal moment for Iran, and we urge Iran to accept the agreement as proposed," Clinton told reporters, flanked by new German Foreign Minister Guido Westerwelle.

"We will not alter it, and we will not wait forever," Clinton said.

Iran had been initially due to give its response to the deal by October 23.

The plan calls for Iran to export to Russia more than 2,640 pounds (1,200 kilos) of its 3.5 percent, low-enriched uranium (LEU) for refining up to 20 percent, to fuel a Tehran reactor that makes medical isotopes.

France would then fashion the material into fuel rods for the reactor.

The deal would have the effect of taking substantial uranium supplies out of Iran and leaving the Islamic Republic without sufficient material to make a nuclear weapon, at least from stockpiles known to the international community.

"There were, of course, questions that they were asking about the details that stood behind the agreement, which both the IAEA (International Atomic Energy Agency) and our experts have been answering," Clinton said.

"But the terms of the agreement, the heart of the agreement, is not and will not be altered," she said.

Iran denies western claims that it is bent on producing nuclear weapons, but the crisis escalated in September, when it and the United States revealed the existence of a previously undisclosed nuclear plant inside a mountain near Qom.

From the US point of view, the deal would give Washington and its negotiating partners time to negotiate a more far-reaching agreement with Iran, and defuse the crisis.

Germany is one of the partners, along with China, Russia, France, and Britain.

Westerwelle said he "can only strongly underline what" Clinton said.

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Iran nuclear resolution could change Middle East: IAEA chief
New York (AFP) Nov 4, 2009
Many of the Middle East's most intractable problems could be solved if Iran accepts a proposed resolution for its controversial nuclear program, the head of the UN nuclear watchdog agency said Wednesday. "Iran could be the door to a stable Middle East," International Atomic Energy Agency (IAEA) chief Mohamed ElBaradei told a think tank in New York. "I think it's very clear if we succeed ... read more







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