Iran Misses Nuke Payments

Iran Misses Nuke Payments

Source Link: www.signonsandiego.com

Russian nuclear officials insisted on Tuesday that Tehran had missed several payments worth a total of over $70 million for the construction of Iran's first nuclear power station at Bushehr in southwest Iran.

A spokesman for Russia's Atomic Energy Agency (Rosatom) said the payment problem would delay the launch of the Bushehr plant.

(visit the link for the full news article)

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[edit on 20-2-2007 by radio_radio]

So this has to be embarrassing for Iran. You finally bought the Benz, but you can't afford the payments. If you read the links above you'll see that Iran is denying they missed the payments.

Therein lies the controversy. Did Iran miss the payments? Or... is this a part of the behind the scenes politics that are going on right now. US tells Russia to helping Iran or face penalty, Russia needs to save face so they claim Iran is "missing payments".

Or, is Iran legitimately having problems with funding? I'm going with the former, because if Russia had any interest in siding with Iran they would look the other way on a couple of payments. However, Russia has had problems with their cash flow since the fall of communism. Maybe they're just being smart here.