Iranian President Hassan Rouhani said the country should boost non-oil exports and continue to sell petroleum products overseas to counter American sanctions just a day after the White House ratcheted up pressure on the Islamic Republic.
The United States on Friday took new measures in a bid to force Iran to stop producing low-enriched uranium and expanding its only nuclear power plant.
At the same time, Secretary of State Mike Pompeo renewed waivers of US sanctions allowing Russia, China and European countries to pursue cooperation programs designed to prevent Iran from reactivating a defunct nuclear weapons program.
But, the State Department said, the renewable waivers would be granted only for 90 days, a shorter period than previously.
The moves are part of the efforts by the administration of President Donald Trump to impose international political and economic isolation on Tehran that began with the US withdrawal a year ago from the 2015 nuclear deal negotiated with Iran by America and other world powers.
It was the third punitive action taken against Iran in as many weeks. Last week, the US said it would grant no more sanctions waivers for countries buying Iranian oil, accelerating its plan to push Tehran’s oil exports to zero. The Trump administration also took the unprecedented step of designating Iran's elite Revolutionary Guard Corps as a foreign terrorist organization. In response, Iran designated the US Central Command – or CENTCOM – a terror group, as well as all American forces in the Middle East.
The US actions announced on Friday included an end to a sanctions waiver that allowed Iran to export low-enriched uranium when it neared the agreed 300-kg limit it can store under the nuclear deal at its main nuclear facility of Natanz.
State Department spokeswoman Morgan Ortagus said in a statement that the move is aimed at forcing Iran to end its production of low-enriched uranium, a demand that Iran has repeatedly rejected.
"Iran must stop all proliferation-sensitive activities, including uranium enrichment, and we will not accept actions that support the continuation of such enrichment," said Ms Ortagus.
Until now, Iran was allowed to ship low-enriched uranium produced at Natanz to Russia before it hit the 300-kg limit, said David Albright of Institute for Science and International Security.
Beginning on Saturday, Ms Ortagus said, the United States also could use sanctions to block any assistance to Iran to expand the Bushehr Nuclear Power Plant, the only such facility in the country.
The plant currently has one working Russian-built reactor, which began operations in 2011, and Iran plans to expand the facility. Moscow signed a deal with Tehran in 2014 to build up to eight more reactors in the country.
Ms Ortagus said that the United States would no longer waive sanctions that allowed Iran to ship heavy water produced at its Arak facility beyond a 300-tonne limit set in the 2015 nuclear deal to Oman for storage.
Heavy water can be employed in reactors to produce plutonium, a fuel used in nuclear warheads.
The renewed sanctions waivers will permit Russia, China, and European countries to continue cooperation programs allowed by the nuclear deal that are designed to ensure that Tehran does not revive its nuclear weapons program.
US intelligence agencies and the International Atomic Energy Agency say that Iran ended a clandestine program to develop a missile-borne nuclear warhead in 2003. Iran denies that it ever pursued such a program.
Under the waivers, China and Britain can continue designing and building a new reactor core for Arak that would make it difficult to produce plutonium.
Russia would be able to continue providing uranium fuel for Bushehr's single reactor.
The State Department said that a sanctions waiver also was granted to allow the modification of infrastructure at the once-secret Fordow uranium enrichment plant "to help ensure that the facility is no longer used for uranium enrichment."
It was not clear from the statement if the waiver applied to Russia's work with Iran to develop at Fordow the capability to produce non-radioactive isotopes.
France would be permitted to continue a civilian nuclear safety training program.
"We reserve the right to revoke or modify our policy covering these non-proliferation activities at any time if Iran violates its nuclear obligations or commitments or we conclude that such projects no longer provide value in constraining Iranian nuclear activities," Ms Ortagus said.
SPECS
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What is blockchain?
Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.
The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.
Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.
However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.
Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.
MATCH INFO
Wales 1 (Bale 45 3')
Croatia 1 (Vlasic 09')
How it works
1) The liquid nanoclay is a mixture of water and clay that aims to convert desert land to fertile ground
2) Instead of water draining straight through the sand, it apparently helps the soil retain water
3) One application is said to last five years
4) The cost of treatment per hectare (2.4 acres) of desert varies from $7,000 to $10,000 per hectare
More from Rashmee Roshan Lall
How to join and use Abu Dhabi’s public libraries
• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.
• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.
• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.
• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.
• For more information visit the library network's website.
DMZ facts
- The DMZ was created as a buffer after the 1950-53 Korean War.
- It runs 248 kilometers across the Korean Peninsula and is 4km wide.
- The zone is jointly overseen by the US-led United Nations Command and North Korea.
- It is littered with an estimated 2 million mines, tank traps, razor wire fences and guard posts.
- Donald Trump and Kim Jong-Un met at a building in Panmunjom, where an armistice was signed to stop the Korean War.
- Panmunjom is 52km north of the Korean capital Seoul and 147km south of Pyongyang, North Korea’s capital.
- Former US president Bill Clinton visited Panmunjom in 1993, while Ronald Reagan visited the DMZ in 1983, George W. Bush in 2002 and Barack Obama visited a nearby military camp in 2012.
- Mr Trump planned to visit in November 2017, but heavy fog that prevented his helicopter from landing.
WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
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Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
The biog
Name: James Mullan
Nationality: Irish
Family: Wife, Pom; and daughters Kate, 18, and Ciara, 13, who attend Jumeirah English Speaking School (JESS)
Favourite book or author: “That’s a really difficult question. I’m a big fan of Donna Tartt, The Secret History. I’d recommend that, go and have a read of that.”
Dream: “It would be to continue to have fun and to work with really interesting people, which I have been very fortunate to do for a lot of my life. I just enjoy working with very smart, fun people.”
COMPANY%20PROFILE%20
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
HWJN
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Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
COMPANY%20PROFILE
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