Iran sanctions have 'enormous bite': Obama

KAPOLEI (Hawaii), November 14: President Barack Obama defends his efforts to contain Iran's nuclear ambitions, saying that economic sanctions against Tehran have had "enormous bite," and that he will consult with other nations on additional steps to ensure that Iran does not acquire an atomic weapon.
Mr. Obama expressed confidence that Russia and China in particular understand the threat a nuclear armed Iran would pose, and said their leaders agree that Iran cannot weaponize its nuclear power and trigger a nuclear arms race in the region.
The American President, at a news conference during an Asia-Pacific economic summit, did not specifically say he would consider military action if Tehran were to persist in arming itself with a nuclear weapon. But he added - "We are not taking any options off the table. Iran with nuclear weapons would pose a threat not only to the region but also to the United States."
Mr. Obama answered a range of questions, from the status of the congressional Super-committee looking to reduce deficits to China's currency, illustrating the competing issues crowding his agenda as he heads into a presidential election year.
For Mr. Obama, the news conference was his first opportunity to address a report on Friday from the International Atomic Energy Agency that provided new evidence that Iran's nuclear program includes clandestine efforts to build a bomb. The report, circulated among the U.N. watchdog agency's member countries, alleges Iran has been working to acquire equipment and weapons design information, testing high explosives and detonators and developing compute models of a warhead's core. Taken together, it's the most unequivocal evidence yet that the Iranian program ranges far beyond enriching uranium for use in energy and medical research, which is what Tehran says it's for. In meetings Saturday with Russian President Dmitry Medvedev and Chinese President Hu Jintao, Mr. Obama sought to rally support for putting new pressure on Iran's regime. But there was little public sign either country was ready to drop its opposition to additional sanctions. The U.S. has already slapped sanctions on dozens of Iranian government agencies, financial and shipping companies as well as officials over the nuclear program and could target additional institutions like Iran's Central Bank. And the U.N. has imposed four rounds of sanctions that have caused economic hardship in Iran, but have yet to force any change in the nuclear program.
"The sanctions have enormous bite and enormous scope," Mr. Obama said. (Agencies)


2011-11-14



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