Edition

U.S. Official: China's Banks at Risk from Iran Deals

IN THIS ISSUE: China's banks "at risk from Iran deals," Fukushima reactor temperatures said near cold shutdown, Saudi Arabia targets first nuclear plant by 2020, Obama's distant goal of a nuclear-free world, India to produce nuke missile, France on Iran's nuclear ambitions.

Published on September 29, 2011
 

U.S. Official Says China's Banks at Risk from Iran Deals

Michael Martina | Reuters

Soltanieh

Iran is increasingly looking for access to global financial markets to fund its nuclear programme, a top U.S. Treasury official said on Wednesday, urging Chinese regulators and banks to be prepared to block transactions and impede Iran's efforts.

David Cohen, the U.S. Treasury's under secretary for terrorism and financial intelligence, said Beijing took seriously its responsibilities to uphold U.N. Security Council resolutions on Iran, but reminded Chinese banks to implement tougher safeguards.

"China has strictly implemented the provisions of the Security Council resolution that require specific steps, but it has not taken any steps that are similar to what some of these other jurisdictions have done to deal with the risk of Chinese financial institutions engaging in financial transactions with Iranian financial institutions," Cohen said.     Full Article



Follow the Nuclear Policy Program
 RSS News Feed Twitter
Footer information begins here
More from Proliferation News


 
 
Kazuaki Nagata | The Japan Times
Tokyo Electric Power Co. reported Wednesday that the bottom of all three crippled reactors' pressure vessels at its Fukushima No. 1 nuclear plant were now below 100 degrees — a collective first since the crisis erupted after the March 11 temblor-tsunami catastrophe.     Full Article

Peter Shaw-Smith | Financial Times
Saudi Arabia plans to complete construction of its first nuclear power plant within nine years although it will take longer to become fully operational and add capacity to the kingdom's over-stretched grid. "Our target is 2020," Ibrahim Babelli, a consultant at the King Abdullah Centre for Atomic and Renewable Energy, told a nuclear construction conference in Dubai this week.     Full Article

 
 
Related Debate
Abolishing Nuclear Weapons (Carnegie Endowment for International Peace)
Zachary Roth | The Atlantic
President Obama used his first overseas trip in office to announce his intention to rid the world of nuclear weapons. Obama's high-profile endorsement of what arms-control advocates call "global zero" was a hugely significant step for a U.S. president to take. But since then, he's been hit with some jarring reminders of just what an uphill climb that journey to zero will be.     Full Article

Vivek Raghuvanshi | Defense News
The Indian government has sanctioned serial production of an advanced homegrown nuclear-capable missile after a successful Sept. 25 test-firing of the Shourya, which can travel at a speed up to Mach 7.5. The missile, which was tested at India's range in the northeastern state of Orissa, can carry both nuclear and conventional warheads. It can be used by both the Indian Navy and Army.     Full Article

Global Security Newswire
The unwillingness of a number of nations to tolerate a nuclear-armed Iran means the country's disputed atomic activities place it in greater danger of coming under armed attack, the French ambassador to the United Nations said on Tuesday. "Personally I am convinced that some countries won't accept this prospect," Ambassador Gerard Araud said.     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.