United Nations Approves Economic Sanctions Against Iran

Source: Oil Price.com

The United Nations Security Council approves economic sanctions aimed at punishing Iran over its suspect nuclear program by a 12-2 vote.

Twelve members of the Security Council voted "yes," while Brazil and Turkey opposed the resolution and Lebanon abstained.

The UN has now imposed four rounds of sanctions against Iran for its nuclear activities since 2006.

The West suspects Tehran is using its civilian nuclear program to hide enrichment activities aimed at developing a nuclear weapons, which the government denies.
Speaking at the White House following the vote, U.S. President Barack Obama said the UN’s action "demonstrates the growing costs that will come with Iranian intransigence."

"These are the most comprehensive sanctions that the Iranian government has faced. They will impose restrictions on Iran’s nuclear activities, its ballistic missile program and, for the first time, its conventional military. It will put a new framework in place to stop Iranian smuggling and crack down on Iranian banks and financial transactions," Obama said.

Iranian President Mahmud Ahmadinejad, speaking in Dushanbe, called the UN’s move "a futile slap."

He said he had told one member of the Security Council: "Your resolutions against us are like futile slap. It is only garbage. Despite, thank God, their inability to hit the Iranian nation, we are evaluating their logic. Today, the political scene became a scene of deception, a scene of lies, a scene of aggression, a scene of expansion."

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