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Cablegate: Un/Iran Sanctions: Council Focuses On Financial

VZCZCXYZ0002
OO RUEHWEB

DE RUCNDT #0828 2612314
ZNR UUUUU ZZH
O 172314Z SEP 08
FM USMISSION USUN NEW YORK
TO RUEHC/SECSTATE WASHDC IMMEDIATE 4949
INFO RUEHGG/UN SECURITY COUNCIL COLLECTIVE IMMEDIATE
RUEHII/VIENNA IAEA POSTS COLLECTIVE IMMEDIATE
RUEATRS/DEPT OF TREASURY WASHDC IMMEDIATE

UNCLAS USUN NEW YORK 000828

SIPDIS

E.O. 12958: N/A
TAGS: PARM IR UNSC MNUC ETTC KNNP
SUBJECT: UN/IRAN SANCTIONS: COUNCIL FOCUSES ON FINANCIAL
INSTITUTIONS

1.SUMMARY: Following a September 11 briefing on the
activities of the Iran Sanctions Committee, the Security
Council focused on the role of Iran's financial institutions.
Ambassador Khalilzad called special attention to U.S.
efforts to implement provisions of Security Council
resolutions involving Iran's banks and other financial
institutions, and expressed concern about Iran's deceptive
financial practices. Although the United States is normally
the only Council member to speak in these routine Iran
briefings, all P-5 members and Italy also delivered
statements. Russia asserted that the Council's call for
vigilance over Iran's financial institutions (paragraph 10 of
UNSCR 1803) was intended to be only a "political signal" and
did not create new restrictions. France, Italy and the UK
supported the U.S. position for robust implementation of
measures against financial institutions and highlighted EU
action to implement UNSCR 1803's call for vigilance. China
asserted that sanctions alone cannot solve the Iran dispute.
END SUMMARY.

2.In September 11, Belgian Perm Rep Jan Grauls briefed the
Security Council on the activities of the 1737 (Iran)
Sanctions Committee over the last ninety days. Grauls, the
chair of the committee, explained that the committee had
received reports from 56 member states about their
implementation of UNSCR 1803 and had also received
notifications for exemptions to the asset freeze. He
mentioned that on September 10 the United States briefed the
committee on U.S. efforts to implement paragraph 10 of UNSCR
1803, which calls for states to exercise vigilance over
Iran's financial institutions, and noted that on August 1
France, the United Kingdom, and the United States distributed
to the Council a list of banks domiciled in Iran and their
branches and subsidiaries abroad.

3.Ambassador Khalilzad emphasized the need for full
implementation of UNSCRs 1737, 1747 and 1803. He called
special attention to the provisions of those resolutions
related to Iran's financial institutions and asserted that
these provisions apply to all types of financial
institutions, including banks and insurance providers. He
pledged to support the 1737 Committee in carrying out its
mandate, explaining that the goal of the September 10 U.S.
expert briefing to the committee was to help states implement
the Iran-related sanctions resolutions more effectively. The
ambassador also noted concern over Iran's deceptive financial
practices. He restated U.S. commitment to a diplomatic
resolution of the Iran situation.

4.The Russian delegate said he hoped the 1737 Committee would
be guided "by the spirit and the letter" of Iran-related
UNSCRs. He asserted that paragraph 10 of UNSCR 1803 was
solely a "political signal" to Iran and did not create any
new restrictions on financial institutions. The Russian
representative also claimed that states have the right to
determine themselves how to exercise the vigilance called for
in paragraph 10.

5.The French delegate emphasized the obligation states have
under the three Iran sanctions resolutions to implement
measures regarding financial institutions and thanked the
U.S. mission for briefing on its efforts to do so. He
criticized Iran's refusal to cooperate fully with the IAEA or
to negotiate in good faith after Iran was offered a generous
package of incentives at the Geneva meeting last July in the
presence of the U.S. political director. The Italian
delegate spoke about recent EU action to implement 1803 and
noted Italy's national efforts to combat the financing of
proliferation and inform its financial sector about the risks
of doing business with Iran's banks. The UK delegate noted
the importance of sharing information in order to help
countries make informed decisions about how to implement the
Iran-related UNSCRs, especially in light of Iran's steps to
evade sanctions. He expressed the UK's "profound concerns"
that Iran's continues to flout the Security Council's
demands, saying that there was no choice but to begin
discussions with partners on additional measures, as
envisioned in UNSCR 1803.

6.The Chinese delegate noted the importance of full
implementation of UNSCRs 1737, 1747 and 1803. He emphasized
that sanctions alone cannot solve the issue and called for
all parties concerned to demonstrate flexibility in
negotiations.
Khalilzad

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