• Published 13:05 10.06.09
  • Latest update 13:05 10.06.09

Report: Iran nuclear plant being delayed by Russian banks

Russian media quotes head of Russian state-run company building the Bushehr light-water reactor.

By The Associated Press Tags: Iran Russia Israel news

A Russian news agency is reporting that the completion of Iran's first nuclear plant is being delayed by Russian banks refusing to work with Iran.

RIA-Novosti quotes the head of the Russian state-run company building Bushehr as saying that the company is trying to change how the construction is being financed.

Atomstroiexport chief Dan Belenky isn't naming the banks and doesn't say when the plant is now scheduled to go online.

Iran is paying Russia more than $1 billion to build the light-water reactor. Engineers have done a test run of the plant - a major step toward starting it up.

The United States and other Western nations fear that Tehran is trying to acquire nuclear weapons.

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