Middle East

U.S. says Iran still looking to acquire nuclear material

FILE- In this Saturday, Aug. 26, 2006 file photo, an aerial view of a heavy-water production plant in the central Iranian town of Arak. (AP Photo/ ISNA, Arash Khamoushi, File)

VIENNA: Tehran is still seeking to sidestep sanctions to get materials for its nuclear program, a senior US official said Friday on a European tour seeking to cool renewed corporate enthusiasm about doing business in Iran.

Iran is "undoubtedly still looking for ways to acquire material for their nuclear program," the US official, speaking in Austria on a tour also taking in Britain, Germany, Turkey, Italy and other places, said on condition of anonymity.

"We have seen over many years that the Iranians take advantage of the commercial and financial relationships that purport to be for legitimate purposes to surreptitiously acquire materials that they are looking for for their nuclear program and their ballistic missile program, to facilitate their support for terrorism," he said.

As a result he said that any "responsible" firm should think twice before seeking to do business with Iran when the Islamic republic gains minor relief from sanctions from Monday as part of a nuclear deal with world powers.

Under this "first step" accord struck in Geneva in November, Iran will -- from Monday -- freeze some of its nuclear activities for six months in exchange for a package of sanctions relief worth $6-7 billion, according to Washington.

Over this period, during which time Iran will still miss out on some $30 billion in oil revenues, Tehran and the world powers will seek to strike a long-term accord ending for good the long-running standoff over its nuclear work.

According to media reports, since the November deal Western firms have been falling over themselves to try and win business in the oil-rich Islamic republic.

But the US official said that with the core of sanctions still in place, most notably on Iran's banks, it "remains extraordinarily difficult" to do business in the Persian Gulf country, and that any new trade may contravene the sanctions.

"There is some enthusiasm in the business community about the prospect for business in Iran. One of my objectives (of this trip) is to temper that enthusiasm with a dose of reality," he said.

"The overtures that have been made here and elsewhere to the Iranian business community are I think premature, not good business, and they are not fundamentally helpful in the pathway to maximise the chances ... for a comprehensive resolution."





Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (

comments powered by Disqus



Interested in knowing more about this story?

Click here