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Edition: U.S. Article Comments (1) Save Email Print Reprints Most Popular Most Shared Judge tells Mississippi schools to stop segregating 13 Apr 2010 Texas man pleads guilty to hiding money at UBS 13 Apr 2010 Quake kills 400, schools cave in | Video 3:57pm EDT Iran not nuclear weapons capable for "at least a year"-Gates 13 Apr 2010 WRAPUP 1-China sells gasoline to Iran, but sanctions loom 10:39am EDT Judge tells Mississippi schools to stop segregating 13 Apr 2010 Special Report: Are regulators dropping the ball on biocrops? 13 Apr 2010 Quake kills 400, schools cave in | Video 3:57pm EDT Diet can sharply cut Alzheimer's risk: study 12 Apr 2010 Vatican under fire for linking gays to pedophilia 11:08am EDT Big powers pursue talks on new Iran sanctions Edith Honan and Patrick Worsnip NEW YORK Wed Apr 14, 2010 4:15pm EDT Related News Pentagon: Iran needs 3-5 years to build usable atom bomb 4:13pm EDT US sees Iran needing 3-5 yrs to build working atom bomb 12:44pm EDT China likely to back Iran sanctions at UN - US official 11:51am EDT Q+A: Six powers hold talks on new Iran sanctions 11:45am EDT Exclusive: China's top oil firms sell gasoline to Iran-trade 5:48am EDT President Obama speaks during a news conference at the end of the Nuclear Security Summit in Washington, April 13, 2010. Credit: Reuters/Jim Young NEW YORK (Reuters) - Big power envoys met on Wednesday to pursue the quest for fresh U.N. sanctions to try to halt Iran's nuclear program, but diplomats forecast weeks of haggling over a text the Security Council can pass. World | China | Russia Ambassadors from the five permanent members of the council and Germany gathered at the U.S. mission to the United Nations for their second meeting in a week since China, which has close economic ties with Iran, agreed to join the talks. China's Li Baodong told reporters, "We have a very important consultation with a focus on diplomacy." Russia's Vitaly Churkin said, "I expect a good discussion," adding that he expected the talks to go on "for a while." The envoys were discussing a U.S. draft resolution, first circulated weeks ago, that provides for a fourth round of sanctions on Iran for its refusal to stop uranium enrichment. The West accuses Tehran of seeking to produce atomic arms but Tehran says it aims only to generate electricity. The draft proposes new curbs on Iranian banking, a full arms embargo, tougher measures against Iranian shipping, moves against members of Iran's Islamic Revolutionary Guard Corps and a ban on new investments in Iran's energy sector. But diplomats told Reuters that China's Li had indicated displeasure at the proposals affecting Iran's energy sector at a first meeting last Thursday with his U.S., British, French, German and Russian counterparts. Other diplomats said that meeting had been largely confined to statements of opening positions by the ambassadors and that the hard work of agreeing to a text remained to be done. U.S. President Barack Obama pressed 46 countries attending a nuclear security summit in Washington on Tuesday for swift sanctions on Iran but acknowledged China had concerns about the economic impact and said negotiations were difficult. Iran is the third largest crude oil supplier to energy-hungry China. U.S. Defense Secretary Robert Gates, visiting Peru, hinted Washington might not insist on the toughest possible sanctions, saying the importance of a resolution was "less the specific content than the isolation of Iran by the rest of the world." "QUITE FAR APART" One diplomat in New York with knowledge of the negotiations put the chances of an agreement in April at only 25-30 percent. Diplomats see little chance of a resolution in May when Lebanon, whose government includes Iranian-backed Hezbollah, chairs the Security Council, and say June seems more likely. "We're right at the beginning of the discussion on a text here, and it should be no surprise that they're quite far apart," the diplomat said. "The Chinese want something much, much weaker and much, much narrower" than the U.S. draft. Diplomats say Russia is keener than China to slap new sanctions on Iran, but it, too, wants to water down the text. "If we speak about energy sanctions, I'll give you my opinion. I think that we are unlikely to achieve a consolidated position in the world community on this issue," Russian President Dmitry Medvedev said in an interview with ABC television this week. Even if the permanent five can agree, weeks could be spent in further negotiations with the 10 temporary members of the council, three of whom -- Lebanon, Turkey and Brazil -- have indicated they may abstain or vote against a resolution. U.S. Under Secretary of State for Political Affairs William Burns said on Wednesday China was likely to agree to sanctions. But he told a Senate hearing it would be "very difficult" to get Beijing or Moscow to agree to cut off refined petroleum products to Iran, a proposal backed by many U.S. lawmakers. Underlining that point, industry sources said on Wednesday state-run Chinaoil had sold a total of about 600,000 barrels of gasoline worth around $55 million to the Islamic Republic. German carmaker Daimler said on Wednesday, however, that it would almost entirely sever business ties with Iran because of what chief executive Dieter Zetsche called "the policies of the current Iranian leadership. Western powers say acquisition by Iran of nuclear weapons, would be hugely destabilizing to the Middle East. Iran could produce enough highly enriched uranium for a single nuclear bomb in as little as one year but would probably need three to five years to build a deliverable weapon, top Pentagon officials said on Wednesday. (Additional reporting by Luke Pachymuthu in Dubai, Seng Li Peng in Singapore, Adam Entous in Washington and Phil Stewart in Lima; Editing by Vicki Allen) World China Russia Comments See All Comments (1) | Post Comment Apr 14, 2010 3:37pm EDT Iraq had “WMD”s. How long before we are told Iran has a “Nuke”? Ground Hog Day 2010. I’m just bored, aren’t you? 10hawks Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. More from Reuters Quake kills 400, schools cave in BEIJING (Reuters) - A strong earthquake toppled hundreds of homes and some schools in the remote mountainous Tibetan Plateau of southwest China on Wednesday, killing at least 400 people and injuring thousands. | Video Pentagon: Iran needs 3-5 years to build usable atom bomb Red shirts take over "richest part" of Bangkok Russia, U.S. lend support to new Kyrgyz rulers | Video Big powers pursue talks on new Iran sanctions Vatican under fire for linking gays to pedophilia » More Top News Soros warns on market crash Billionaire financier George Soros warns that markets could be hurtling towards an even bigger boom and bust than the credit crisis. Full Article Are some banks too "clubby" to fail? Obama pushes on financial reform Regulation Personal Finance: Five tax blunders to avoid From giving the government a free loan to not keeping track of your charitable receipts, the devil is in the details if you want to save on taxes. 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