New sanctions imposed on Iran

Sat Mar 24, 2007 4:28PM EDT

UNITED NATIONS (Reuters) - The U.N. Security Council unanimously approved on Saturday new arms and financial sanctions against Iran for refusing to suspend uranium enrichment.

The package of sanctions, aimed at curbing Iran's nuclear program, targets the country's arms exports, its state-owned Bank Sepah and the elite Revolutionary Guards. The 15-member body would suspend the sanctions if Iran halted enrichment.

The new measures are a follow-up to a resolution adopted on December 23 banning trade in sensitive nuclear materials and ballistic missiles, as well as freezing assets of individuals and institutions associated with atomic programs.