Russia: Iran makes first payment on Bushehr atomic energy plant

Company building reactor says payments "still far" from full compensation.

By
March 26, 2007 15:52
Russia: Iran makes first payment on Bushehr atomic energy plant

bushehr outside 298.88. (photo credit: AP)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The Russian state-run company building Iran's first atomic power plant said Monday that Teheran has made its first payment toward the long-delayed construction of Bushehr plant since a dispute over financing halted construction. "The fact that our Iranian partners have overcome their difficulties is positive," Atomstroiexport said in a statement, adding however that the payment was "still far" from full compensation for the Bushehr project. Moscow and Teheran have been at loggerheads over financing of the plant and Russia said earlier that nuclear fuel would not be supplied this month, as had been planned. The delays prompted Russia, which is building the plant in Iran, to indefinitely postpone the reactor's launch, set for September. Iran, meanwhile, angrily denied falling behind with payments and accused Russia of caving in to US pressure to take a tougher line on Teheran. The funding dispute came as members of the UN Security Council, including Russia, unanimously voted on Saturday to impose new sanctions on Iran, including the banning of Iranian arms exports and the freezing of assets of 28 people and organizations involved in Iran's nuclear and missile programs. Iran rejected the sanctions and later announced a partial suspension of cooperation with the International Atomic Energy Agency.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Bushehr nuclear Iranian
August 5, 2014
Iran and the bomb: The future of negotiations

By YONAH JEREMY BOB