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Edition: U.S. Article Comments (3) Save Email Print Reprints Most Popular Most Shared CORRECTED-FEATURE-Debate over GM eggplant consumes India 12:03am EST Top Taliban commander held in Pakistan | Video 8:49am EST Ahmadinejad not taking Clinton comments "seriously" 8:29am EST Olympian figure skating pair: We've won gold, let's have a baby 3:54am EST Kevin Smith fuels row over "fat" plane passengers 15 Feb 2010 CORRECTED-FEATURE-Debate over GM eggplant consumes India 12:03am EST "Love" hormone may help autism symptoms: study 15 Feb 2010 Top Taliban commander held in Pakistan | Video 8:49am EST First black Olympic figure skating pair electrify crowd 1:53am EST Hottest temperature ever heads science to Big Bang 15 Feb 2010 Iran says will respond to any new sanctions Parisa Hafezi and Reza Derakhshi TEHRAN Tue Feb 16, 2010 9:15am EST Related News Iran will consider any new atom fuel ideas: Mottaki 9:21am EST Iran's Ahmadinejad: Atom fuel idea not yet closed 8:15am EST Clinton: Iran moving toward military dictatorship Mon, Feb 15 2010 Clinton: Iran moving toward military dictatorship Mon, Feb 15 2010 Iran hails nuclear advance on Revolution Day Thu, Feb 11 2010 Iranian President Mahmoud Ahmadinejad speaks during a news conference in Tehran February 16, 2010. Credit: Reuters/Raheb Homavandi TEHRAN (Reuters) - President Mahmoud Ahmadinejad said on Tuesday talks were still going on over a proposed nuclear fuel swap and any country which tried to impose new sanctions on Iran would regret its actions, World He was speaking a day after U.S. Secretary of State Hillary Clinton sought backing from oil giant Saudi Arabia to help win Chinese support for additional sanctions. Clinton said a new round of sanctions should target Iran's Revolutionary Guards. "Of course, if somebody acts against Iran our response will definitely be firm enough...(to) make them regretful," Ahmadinejad told a news conference, without elaborating. "Sanctions will not harm Iran." Ahmadinejad also said talks were still under way on a proposed nuclear fuel swap and the issue was not yet closed. Western powers had hoped the proposal, brokered by the International Atomic Energy Agency, would result in Iran sending most of its low-enriched uranium abroad for processing and ease their concerns that it might build a nuclear bomb. Tehran says its nuclear program is solely to generate electricity so it can export more of is oil and gas. "There are some talks under way over the nuclear fuel swap," Ahmadinejad said without giving details. "The case is not yet closed...we have already announced that we are ready for a fuel exchange within a fair framework. We are still ready for an exchange, even with America." Ahmadinejad's order last week to start production of higher-grade uranium, rather than agree to the U.N.-brokered fuel swap proposal, exposed Tehran to new calls for U.N. sanctions from Western powers. The Kremlin said on Tuesday Iran could face sanctions if it failed to allay international fears about its nuclear program, and Israeli Prime Minister Benjamin Netanyahu, on a visit to Moscow, called for "paralyzing sanctions" on Iran. Ahmadinejad said Iran had been willing to send its uranium abroad rather than enrich it further at home. "But...we found that there is no goodwill in this regard and we told them that if they don't provide us (with the fuel) in due time we would start work inside (Iran)." "And even now, if they provide us with the necessary fuel the conditions will be changed," Ahmadinejad said. Ahmadinejad dismissed Clinton's accusations that Iran was moving toward a military dictatorship. The U.S. military budget was 80 times larger than that of the Islamic Republic, he said. "We don't take her comments seriously," Ahmadinejad said. He also said Iran was not worried about sanctions targeting its gasoline imports as the country can become an exporter of the fuel in the future. "There are several refineries under construction...and as soon as they become operational we can even export gasoline," he said. (Reporting by Reza Derakhshi; writing by Fredrik Dahl; editing by Dominic Evans and Angus MacSwan) World Comments See All Comments (3) | Post Comment Feb 16, 2010 9:35am EST During all of this talk I haven’t heard anything about the IAE Inspectors. I remember Iran threw them out a while ago. If they are so open and the uranium is for peaceful purposes, I would think that they would have no problem with the Inspectors having unlimited access, not the dog and pony show that has gone on in the past. It’s just weird no one has mentioned it. SPCmahoney Report As Abusive Feb 16, 2010 9:42am EST What are you going to do to make us regret it, you whacko? Hang a few more dissidents? Fishrl Report As Abusive Feb 16, 2010 10:42am EST The only sanction I’d like to see would be created by placing a gag in President Obama’s mouth. The man talks and talks and talks …….. then does nothing. Enough already !! Willie12345 Report As Abusive See All Comments (3) Add a Comment More from Reuters Simon Property offers $10 billion for General Growth NEW YORK (Reuters) - Simon Property Group Inc made what it called a $10 billion offer for General Growth Properties Inc that would end one of the largest U.S. bankruptcies on record and combine the two largest U.S. shopping mall owners. Barclays profit tops $18 billion Iran says will respond to any new sanctions New York manufacturing picks up but China sells U.S. debt Top Taliban commander held in Pakistan | Video Wall Street rises on solid earnings results, data » More Top News John Kemp: Why Greece should default A bailout is a mistake. Rebuilding market discipline means creditors have to take a loss at some point, and Greece is a good place to start. Commentary Greek contagion: One hell of a tail risk Greece must make "additional efforts" Global Markets Analysis: China's spending problem With Greece in a debt crisis and the U.S. deficit under close watch, China finds itself in the center of a very different kind of spending blame game. Full Article China seen re-evaluating yuan Factbox: Five political risks to watch China © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal EVCJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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