Iran Approaching Nuclear Bomb Yardstick as Enriched Uranium Stock Grows

A number of new generation Iranian centrifuges are seen on display during Iran's National Nuclear Energy Day in Tehran, Iran April 10, 2021. Iranian Presidency Office/WANA (West Asia News Agency)/Handout via REUTERS
A number of new generation Iranian centrifuges are seen on display during Iran's National Nuclear Energy Day in Tehran, Iran April 10, 2021. Iranian Presidency Office/WANA (West Asia News Agency)/Handout via REUTERS
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Iran Approaching Nuclear Bomb Yardstick as Enriched Uranium Stock Grows

A number of new generation Iranian centrifuges are seen on display during Iran's National Nuclear Energy Day in Tehran, Iran April 10, 2021. Iranian Presidency Office/WANA (West Asia News Agency)/Handout via REUTERS
A number of new generation Iranian centrifuges are seen on display during Iran's National Nuclear Energy Day in Tehran, Iran April 10, 2021. Iranian Presidency Office/WANA (West Asia News Agency)/Handout via REUTERS

The stock of enriched uranium amassed by Iran in breach of its 2015 nuclear deal is growing to the point that its most highly-enriched material is most of the way to a common bomb yardstick, a report by the UN nuclear watchdog showed on Thursday.

The amount in the quarterly International Atomic Energy Agency report to member states seen by Reuters comes as negotiators at talks on salvaging the 2015 deal say they are in the final stretch. Western powers have warned time is running out before Iran's nuclear progress makes the talks pointless.

The report showed Iran's stock of uranium enriched to up to 60% fissile purity had almost doubled, increasing by 15.5 kg to 33.2 kg (46 to 110 pounds).

A senior diplomat said that is around three-quarters of the amount needed, if enriched further, for one nuclear bomb according to a common definition.

That definition - 25 kg of uranium enriched to 90% - is a theoretical yardstick and how much is needed in real life would depend on further processes the material would still have to go through to make an actual bomb, the senior diplomat cautioned.

The 2015 deal between Iran and world powers imposed restrictions on Iran's nuclear activities in exchange for the lifting of international sanctions.

Then-President Donald Trump pulled the United States out of the deal in 2018, reimposing tough economic sanctions on Tehran.

Iran responded by breaching many of the deal's restrictions, including a 3.67% cap on the purity to which it could purify uranium and a 202.8-kg limit on its enriched uranium stock.

That total stock of enriched uranium now stands at 3.2 tons, an increase of 707.4 kg on the quarter, the report showed. That is still less than the more than five tons Iran accumulated before the 2015 deal but the highest purity it achieved then was 20%.



Norway Sovereign Wealth Fund to Exclude Six Israeli Companies Linked to West Bank, Gaza 

A Norwegian flag flutters over a building in Oslo, Norway May 31, 2017. (Reuters)
A Norwegian flag flutters over a building in Oslo, Norway May 31, 2017. (Reuters)
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Norway Sovereign Wealth Fund to Exclude Six Israeli Companies Linked to West Bank, Gaza 

A Norwegian flag flutters over a building in Oslo, Norway May 31, 2017. (Reuters)
A Norwegian flag flutters over a building in Oslo, Norway May 31, 2017. (Reuters)

Norway's sovereign wealth fund, the world's largest, said on Monday it had decided to exclude another six companies with connections to the West Bank and Gaza from its portfolio, following an ethics review of its Israeli investments. 

The $2 trillion wealth fund did not name the companies it had decided to exclude but said these would be made public, along with specific reasons for each company, once the divestments were completed. 

One possibility could be that among them are Israel's five largest banks, which have been under review by the fund's ethical watchdog. 

The latest exclusions bring to 23 the number of Israeli companies the fund has been divesting from since June 30. That number may rise. 

"More companies could be excluded," Finance Minister Jens Stoltenberg told reporters. 

Currently the fund holds stakes in 38 Israeli companies, totaling 19 billion crowns ($1.9 billion) in investments, down from 61 companies totaling 23 billion crowns, as of June 30, the fund's operator, Norges Bank Investment Management, said in a letter dated Monday. 

REVIEW 

The latest announcement follows an urgent review launched this month after reports that the fund had built a stake in an Israeli jet engine group that provides services to Israel's armed forces, including the maintenance of fighter jets. 

The reports spurred a fresh debate about the fund's investments in Israel and the occupied Palestinian territories ahead of elections on Sept. 8, with some parties calling for the fund to divest from all Israeli companies, a step the government has ruled out. 

Norway's parliament in June rejected a proposal for the fund to divest from all companies with activities in the occupied Palestinian territories. 

"This debate helps sharpen our practices," said Stoltenberg. 

Critics say only a complete withdrawal from investing in Israeli companies would protect the fund against possible ethical breaches. 

Stoltenberg said that, from now on, the ethics watchdog and NBIM would have more frequent and faster exchanges of information between them to identify problematic companies quicker. 

Ethical exclusions from the fund are based on recommendations from the fund's watchdog, though NBIM can also divest from companies if it assesses that a company can pose too much of a risk to the fund, whether the risk is ethical or not. 

"With more exchanges of information between the Council on Ethics and Norges Bank, it is possible that there could be more divestments of that kind in future," said Stoltenberg. 

Last Monday, the fund announced it was terminating contracts with all three of its external asset managers who handled some of its Israeli investments.