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BloombergBy Bill Varner
April 16 (Bloomberg) -- The Obama administration won’t impose additional sanctions on Iran if it freezes nuclear development work and joins talks over the future of its program, European diplomats said.
Undersecretary of State William Burns informed Britain, China, France, Germany and Russia of the new U.S. approach to the so-called “freeze-for-freeze” proposal at a meeting in London on April 8, according to the diplomats, who spoke on condition they weren’t identified.
Under President George W. Bush, the U.S. said it was prepared to accept a freeze on United Nations and European Union sanctions. President Barack Obama would extend that offer to include U.S. sanctions, which under Bush often targeted Iranian banks.
Obama has echoed Bush’s demand that Iran not be allowed to develop a nuclear weapon.
The European diplomats said that in return for the new U.S. concession Iran would have to refrain from further development steps, such as adding centrifuges to enrich uranium. The deal would be for a limited time leading up to the beginning of formal negotiations.
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