Iran to develop centrifuges for faster uranium enrichment

TEHRAN: Iran on Wednesday said it would take another step away from a 2015 nuclear deal by starting to develop centrifuges to speed up its uranium enrichment but it also gave European powers two more months to try to save the multilateral pact.

Washington has since renewed and intensified its sanctions, slashing Iran's crude oil sales by more than 80 per cent. "From Friday, we will witness research and development on different kinds of centrifuges and new centrifuges and also whatever is needed for enriching uranium in an accelerated way," Rouhani said."All limitations on our Research and Development will be lifted on Friday."

Rouhani had threatened to take further measures by Sep 5 unless France and the other European signatories of the pact did more to protect Iran from the impact of the US penalties, which have drastically reduced Iran's foreign oil sales. Iranian officials, meanwhile, appeared to give a guarded welcome to a French proposal to save the pact by offering Iran about US$15 billion in credit lines until the end of the year if Tehran returned to full compliance."We did sanctions today. There will be more sanctions coming. We can't make it any more clear that we are committed to this campaign of maximum pressure and we are not looking to grant any exceptions or waivers," Brian Hook, the U.S.

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