New Sanctions Target Iran's Banks, Shipping, Arms Smuggling

New York, May 19 (DPA) The US said Tuesday that new sanctions against Iran would target the country's banking system, the Revolutionary Guards, cargo shipping and imports of conventional arms.

Details of the new draft were revealed to UN Security Council members at UN headquarters in New York, within hours of US Secretary of State Hillary Rodham Clinton's announcement in Washington that the text had the agreement of the permanent members and Germany.

Russian UN Ambassador Vitaly Churkin told reporters that his government has not signed onto the text, though Moscow can live with the language of the measure.

"Russia is not a co-sponsor of this resolution. It's in the hands of the sponsor," Churkin said.

He said the US alone decided to present the draft to the council Tuesday, and it was not Russia's decision.

"We are comfortable with the language in the draft," Churkin said. "It's a language we can live with."

The permanent members - the US, Russia, China, France and Britain - plus Germany are known as five-plus-one (P5 plus one), a grouping that had been trying to settle Iran's nuclear dispute.

US Ambassador Susan Rice said the new sanctions built on the three previous rounds of sanctions adopted since 2006 and will have "teeth" as punitive measures against Iran's refusal to halt its nuclear activities, which are suspected to be developing nuclear weapons.

"The US has just tabled in consultations a draft resolution on sanctions against Iran," Rice told reporters. "It's a text that reflects an agreement among the P5 plus one, and we just had a useful meeting."


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Title: New Sanctions Target Iran's Banks, Shipping, Arms Smuggling

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