Iranian President Mahmoud Ahmadinejad, center, visits the Natanz Uranium Enrichment Facility.
From Reuters:
TEHRAN (Reuters) - Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran's disputed nuclear ambitions, an Iranian weekly said.
Western powers are warning the Islamic Republic of more punitive measures if it rejects an incentives offer and presses on with sensitive nuclear work, but the world's fourth-largest oil exporter is showing no sign of backing down.
"Part of Iran's assets in European banks have been converted to gold and shares and another part has been transferred to Asian banks," Mohsen Talaie, deputy foreign minister in charge of economic affairs, was quoted as saying.
Read more ....
News on Iran From Other Sources:
Iran defiant in nuclear row despite sanctions threat -- Reuters India
Iran not in hurry to comment on EU package: MP -- Tehran Times
Risk of new sanctions as Iran rejects latest UN nuclear deal -- Guardian
Pakistani May Have Delivered Advanced Nuclear Designs -- Wall Street Journal
My Comment: Money talks .... and it is clear that Iran has made the decision to proceed with its nuclear enrichment process. Iran expects sanctions to be levied .... and is now taking the steps to protect its interests.
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