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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap UN to slap fresh sanctions on Iran AFP - Thursday, June 10 Send IM Story Print UN to slap fresh sanctions on Iran UNITED NATIONS (AFP) - – The international powers stepped up their battle with Iran over its nuclear program Wednesday with the UN Security Council ready to pass a tough fourth round of sanctions. US Secretary of State Hillary Clinton called the new measures "the most significant sanctions that Iran has ever faced." But Iran's President Mahmoud Ahmadinejad has warned that nuclear negotiations will be ended if they are passed. The western powers suspect Iran is trying to develop a nuclear bomb. Tehran insists its research is to produce civilian energy. The US-drafted sanctions resolution, co-sponsored by Britain and France with the backing of Russia and China, would expand an arms embargo, target Iran's banking sector and ban it from sensitive activities like uranium mining. It would authorize states to conduct high-sea inspections of vessels believed to be ferrying banned items for Iran and add 40 entities to a list of people and groups subject to travel restrictions and financial sanctions. Key points of the UN draft sanctions resolution against Iran The sanctions resolution is a foregone conclusion despite efforts by Brazil and Turkey to head off the measures and promote a nuclear fuel swap deal they reached with Tehran last month. Western powers say they are confident they have more than the nine votes needed to adopt the text at a meeting scheduled to begin at 10:00 am (1400 GMT). Only Brazil, Turkey and Lebanon -- three non-permanent council members -- have openly voiced opposition to the text. It remains unclear whether they will vote against or abstain. The Security Council has already passed three rounds of sanctions on Iran since December 2006. The last round was adopted on March 3, 2008. Iran's president has angrily warned that negotiations with Britain, China, France, Russia, the United States and Germany on his country's nuclear program would be terminated if the new sanctions are imposed. "I have said that the US government and its allies are mistaken if they think they can brandish the stick of resolution and then sit down to talk with us, such a thing will not happen," Ahmadinejad said. A Turkish diplomat told AFP, on condition of anonymity, that Ankara was trying to persuade Iran not to abandon talks if sanctions were imposed. Related article: Ahmadinejad leads Iran to brink of new sanctions Among those subject to the travel restrictions would be Javad Rahiqi, head of the Atomic Energy Organization of Iran's Isfahan nuclear technology center. According to the draft text, 22 of the entities are linked to Iran's nuclear and ballistic missile programs, 15 are "owned, controlled, or acting on behalf of the Islamic Revolutionary Guard Corps" and three are controlled by the Islamic Republic of Iran Shipping Lines. The western campaign has been boosted by getting Russia and China to back the sanctions. Russian Prime Minister Vladimir Putin, whose country has strong economic ties with Tehran, pressed for tempered sanctions. "Our point of view is that these decisions should not be excessive and should not put the Iranian people in a complicated position which would put up barriers on the path to peaceful nuclear energy," Putin was quoted by Russia's ITAR-TASS news agency as saying. Susan Rice, the US Ambassador to the United Nations, said Washington still hoped to "persuade Iran to halt its nuclear program and negotiate constructively and in earnest with the international community." "We remain committed to the dual-track approach" of pressure through sanctions coupled with negotiations, she added. Ahmadinejad, however, urged Western powers not to dismiss a nuclear fuel swap deal brokered by Turkey and Brazil last month that he described as an opportunity that should be "put to good use." "Opportunities will not be repeated," he warned while on a trip to Istanbul. Under the plan, Iran agreed to ship 1,200 kilograms (2,640 pounds) of its low-enriched uranium to Turkey in return for high-enriched uranium fuel for a Tehran research reactor that would be supplied later by Russia and France. But the six western powers gave the deal a cool reception. Amid the deadlock, Ahmadinejad ordered the country's atomic energy agency to start enriching uranium to 20 percent, bringing Tehran closer to the weapons grade level of 90 percent plus. Iran had previously enriched uranium to only the five percent level required for nuclear power stations. 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