Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

Two-thirds of IAEA board backs Western statement pressuring Iran

2022 09 14T193729Z 2 LYNXMPEI8D13G RTROPTP 4 IRAN NUCLEAR IAEA - Global Banking | Finance

VIENNA (Reuters) – Two-thirds of the U.N. nuclear watchdog’s 35-nation Board of Governors endorsed a non-binding statement by the United States, Britain, France and Germany on Wednesday pressing Iran to explain why uranium traces were found at three undeclared sites.

At its last quarterly meeting in June the International Atomic Energy Agency’s Board of Governors passed a resolution expressing “profound concern” that the traces remain unexplained due to insufficient cooperation by Iran, and calling on Tehran to engage with the watchdog “without delay”.

The Vienna-based IAEA says there has been no progress and no engagement by Iran since then.

Rather than pass a new resolution at this week’s board meeting, the four countries behind June’s resolution – the United States, Britain, France and Germany – issued a joint statement reaffirming support for that text and sought to get as many other countries as they could to sign up it.

“We call upon Iran to act immediately to fulfil its legal obligations and, without delay, take up the (IAEA) Director General’s offer of further engagement to clarify and resolve all outstanding safeguards issues,” the joint statement presented by Germany to the board said.

A list of countries provided by Germany showed that 23 countries on the board supported it. The 12 that did not included Argentina, Brazil, Mexico, Egypt, South Africa, India, Pakistan, Malaysia, Senegal and Vietnam.

That is fewer supporters than the 30 countries that voted in favour of the June resolution, which only Russia and China opposed. Those two did not back Wednesday’s joint statement, either. India and Pakistan abstained in June. Libya went from abstaining on the resolution to supporting the joint statement.

A resolution passed by the Board of Governors carries the weight of a formal decision by the IAEA’s top policy-making body that meets more than once a year. Countries banding together to issue a statement without submitting and passing a resolution are merely expressing an opinion.

The issue of the unexplained uranium particles has become an obstacle in wider talks to revive Iran’s 2015 nuclear deal with world powers since Tehran is now seeking a closure of the IAEA’s investigation as part of those negotiations, Western powers say.

This has jeopardised the talks to revive the now badly eroded deal that restricted Iran’s nuclear activities in exchange for relief from Western sanctions, the three European powers said on Saturday, venting their frustration.

 

(Reporting by Francois Murphy; Editing by Catherine Evans)

 

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post