India and US - III

[Guest]

<b>It is a very fast evolving situation and the latest signal from Iran indicates that they are still keeping the dialogue going on the Russian proposal of having the Uranium enriched in that country, for providing fuel to proposed nuclear power reactors. From past experience it is quite clear that UN Sanction or confrontation on the issue is not going to get the issue resolved. The EU has substantial economic ties with Iran including fuel supply, so in the event of UN Sanction, with 10 percent of world's oil under sanction, there will be a major impact on the world economy. It is therefore, imperative to have the issue resolved.
While negotiations are on it is important to remember the fundamental fact that Iran has the right to the peaceful use of nuclear energy. However , in view of its past political instability and regime changes the world at large is not at ease to see that Iran is conducting research on projects which can be used both for the production of nuclear power and also for producing nuclear arms. We hope that the Iranian leadership will have the wisdom to assess the position and should be receptive to the apprehensions of the world at large and ensure that their action do not cause more tension in the world. In the given circumstances, the best option for Iran is obviously to give a serious thought to the Russian proposal which has the backing of many other countries.</b>