New U.N. sanctions resolution on Iran

Reuters, March 3, 2008

(Reuters) - The U.N. Security Council voted on Monday to impose more sanctions against Iran over its nuclear program, including travel bans and asset freezes against named individuals and calls for vigilance over banks in Iran.

Following are provisions of the third sanctions resolution on Iran, which passed by a vote of 14-0 with one abstention:


All states shall seek to prevent the entry into or transit through their territory of specific named individuals "engaged in, directly associated with or providing support for Iran's proliferation sensitive nuclear activities or for the development of nuclear weapon delivery systems."

Some of the travel restrictions have been made mandatory. Previously they were a recommendation made to states.


An assets freeze detailed in a previous resolution last year is extended to further specified persons and companies.


States are called on to "exercise vigilance" in taking on new commitments for financial support for trade with Iran, including export credits, guarantees or insurance.


States are urged to exercise vigilance over activities of financial institutions in their territories with all banks domiciled in Iran, especially Bank Melli and Bank Saderat.


States should inspect cargoes to and from Iran of aircraft and vessels owned or operated by Iran Air Cargo and Islamic Republic of Iran Shipping Line if they believe they are transporting goods prohibited by U.N. resolutions.


The list of items that cannot be sold to Iran is expanded to include more so-called dual-use items, which have both civilian and military uses.


The Security Council asks International Atomic Energy Agency Director-General Mohamed ElBaradei to report within 90 days on whether Iran has complied with the resolution's demand that it suspend uranium enrichment and plutonium reprocessing. The resolution says if Iran fails to comply with the council's demands it will "adopt further appropriate measures to persuade Iran to comply with these resolutions and the requirements of the IAEA."

(Compiled by Louis Charbonneau; Editing by Patricia Zengerle)

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