A short time before the Security Council convened to discuss the possibility of imposing sanctions on Iran, Russia gave its agreement to the sanctions resolution.
All 15 members of the Council agreed on the resolution which prohibits supplying Iran with equipment and materials which can be used to further its nuclear program. Furthermore, assets of several persons and Iranian institutions will be frozen.
Iran was given a 60 days ultimatum in which it is to comply with the resolution which states that Iran should cease enriching Uranium which may be used in nuclear bombs. Should Iran fail to comply, the Security Council is to reconvene and impose harsher sanctions.
Iran threatened that if sanctions are imposed it would reconsider its relationship with the International agency of Atomic Energy.
The resolution discludes the possibility of military action against Iran, and allows only financial and diplomatic measures.
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