Russia, China, object to tough sanctions on Iran
UNITED NATIONS: Russia and China have raised objections to
nearly every Western proposal for new U.N. sanctions against Iran over
its nuclear ambitions except a ban on arms exports, according to a
The document, seen by Reuters on Thursday, shows some Russian and
Chinese reservations about other proposals for a U.N. Security Council
These include a mandatory travel ban, financial and trade
restrictions and an expanded list of Iranian officials and firms whose
assets would be frozen, such as those controlled by Iranâ€™s Revolutionary
Guards and Iranâ€™s state-owned Bank Sepah, already under U.S. sanctions.
In an effort to break the logjam, senior foreign policy officials
from the United States, Britain, France, Germany, Russia and China held
another telephone conference on Thursday, followed by a meeting of U.N.
ambassadors late in the day.
â€śWe were just taking stock on where we are,â€ť said Alejandro Wolff, a
U.S. ambassador, after the meeting. â€śThere have been lots of
conversations between capitals, so we wanted to compare notes, make sure
everyoneâ€™s on the same page.â€ť
The new resolution is a follow-up to one adopted by the Security
Council on Dec. 23 that imposed trade sanctions on sensitive nuclear
materials and technology and froze assets of key Iranians individuals,
groups and businesses.
Meanwhile Iran has asked the International Monetary Fund to determine
whether U.S. sanctions against Bank Saderat, Iranâ€™s second-largest
state-owned bank which Washington has accused of terror financing,
violated IMF rules on foreign exchange restrictions.
IMF staff and Iranian finance officials discussed the effects of the
U.S. action against Saderat during annual economic consultations in
November, according to IMF documents published on Thursday that detail
During the talks, Iranian authorities expressed concern that since
the United States cut off Saderat, the bank had been unable to issue
letters of credit in dollars, which was affecting deposits.
The officials also complained that several correspondent banks in
Europe and Asia with activities in the United States had cut off Saderat
from operating in other currencies.