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Tehran Cut Off From Global Financial System

IN THIS ISSUE: Iran cut off from global financial system, New N. Korea deal rewards pressure, vulnerable nuclear and radiological materials, Polish nuclear dreams threaten ties with Germany, U.S. dangles secret data for Russia missile shield approval, U.S. Navy successfully tests Trident SLBM.

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Published on March 15, 2012

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In This Issue
Iran Cut Off From Global Financial System
Associated Press
New North Korea Deal Rewards Pressure
Carnegie Endowment for International Peace
Further Actions Needed by U.S. Agencies to Secure Vulnerable Nuclear and Radiological Materials
United States Government Accountability Office
Polish Nuclear Dreams Threaten Ties With Germany
Der Spiegel
U.K. Must Ramp Up New Nuclear To Secure Energy, Meet CO2 Goals
Fox Business
U.S. Navy Successfully Tests Trident SLBM
Global Security Newswire

Iran Cut Off From Global Financial System

Don Melvin | Associated Press

Majlis

Iran was effectively cut off from global commerce on Thursday, when the company that handles financial transactions said it was severing ties with many Iranian banks - part of an international effort to discourage Tehran from developing nuclear weapons.

The action enforces European Union sanctions because global financial transactions are impossible without using SWIFT, and it will go a long way toward isolating Iran financially.

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, is a banking hub crucial to oil, financial transactions and other trades.     Full Article

Related:
EU-U.S. Split on Iran Banks Seen Widening (Wall Street Journal)



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New North Korea Deal Rewards Pressure
Douglas H. Paal | Carnegie Endowment for International Peace
On February 29, 2012, the United States and North Korea separately announced agreement to freeze the North's nuclear activities and medium- and long-range missile tests, and to provide American nutritional assistance to vulnerable populations in the North. The agreement has been diagnosed in detail elsewhere. This discussion is about the forces that brought it about.     Full Article

 
 
Related Report
Consolidation: Thwarting Nuclear Theft (Belfer Center)
Further Actions Needed by U.S. Agencies to Secure Vulnerable Nuclear and Radiological Materials
United States Government Accountability Office
This testimony discusses the U.S. strategy to secure all vulnerable nuclear material within 4 years, U.S. agencies' ability to track and evaluate the security of U.S. nuclear materials transferred to foreign countries, challenges coordinating federal nuclear nonproliferation efforts, and preliminary observations regarding GAO's ongoing work on federal efforts to secure radiological sources in U.S. hospitals and medical facilities.     Full Article

 
 
Related
Swiss Nuclear Plant Operator Appeals Against 2013 Closure (Reuters)
Polish Nuclear Dreams Threaten Ties With Germany
Jan Puhl | Der Spiegel
Determined to develop its nuclear industry to meet its booming energy needs, Poland is tired of lectures from its environmentally conscious neighbor Germany. After all, Poles argue, the Germans have benefitted from nuclear power for decades. The differing energy philosophies threaten to strain ties between the two countries.     Full Article

U.K. Must Ramp Up New Nuclear To Secure Energy, Meet CO2 Goals
Fox Business
The U.K. needs to ramp up construction of new nuclear power plants to meet its ambitious 2050 targets on cutting greenhouse gas emissions and secure the country's independence from oil and gas imports and volatile prices, the U.K.'s former chief scientist said Thursday. The best energy mix for the U.K. is for 50% to 60% nuclear power by 2050 with gas, micro-generation, solar, wind, energy efficiency comprising the rest.    Full Article

U.S. Navy Successfully Tests Trident SLBM
Global Security Newswire
The U.S. Navy last month carried out a successful trial launch of a submarine-based Trident 2 D-5 ballistic missile, weapons maker Lockheed Martin announced on Wednesday. The Feb. 22 event represented the 137th trial launch of the nuclear-capable missile to meet mission parameters. The USS Tennessee fired the missile while underwater as part of efforts to clear the submarine for new sea duties.    Full Article

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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