Iran's only nuclear power plant threatened by US sanctions - report

• Author: JERUSALEM POST STAFF
• Published date: 30 March 2021
• Date: 30 March 2021
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

According to the report, Mahmoud Jafari, a deputy at the Atomic Energy Organization of Iran, said that the Bushehr nuclear power station was "facing the risk of shutdown" because US banking restrictions have made it difficult for the Islamic Republic to transfer money and procure necessary equipment.

Developed by Russia and operational since 2011, Bushehr is one of the oldest civilian nuclear power plants in the Middle East.

"Currency fluctuations and problems related to banking sanctions have complicated efforts to meet the reactor's operational and maintenance costs and make payments to Russian contractors," Jafari said.

The announcement came only a few hours after the Biden Administration said they are considering offering Iran this week a new nuclear agreement that would...