US President Donald Trump and Ambassador Kelly Craft speak to the media during a luncheon with representatives of the United Nations Security Council. AFP
US President Donald Trump and Ambassador Kelly Craft speak to the media during a luncheon with representatives of the United Nations Security Council. AFP
US President Donald Trump and Ambassador Kelly Craft speak to the media during a luncheon with representatives of the United Nations Security Council. AFP
US President Donald Trump and Ambassador Kelly Craft speak to the media during a luncheon with representatives of the United Nations Security Council. AFP

US circulates new indefinite Iran arms embargo draft for UN vote


  • English
  • Arabic

The United States on Tuesday circulated a revised resolution that would extend a UN arms embargo on Iran indefinitely, seeking to gain more support in the 15-member Security Council where veto-wielding Russia and China have voiced strong opposition.

US Ambassador Kelly Craft said the new draft “takes council views into account and simply does what everyone knows should be done – extend the arms embargo to prevent Iran from freely buying and selling conventional weapons.

“It is only common sense that the world’s No 1 state sponsor of terror not be given the means of unleashing even greater harm on the world,” she said.

Council diplomats said the revised draft could be put in a final form on Thursday and put to a vote on Friday.

The revised draft, obtained by The Associated Press, is just four paragraphs and replaces the original seven-page, 35-paragraph draft circulated in June.

The original draft included several provisions that some diplomats objected to as going beyond the extension of the arms embargo, and were eliminated.

  • Iran could buy some of the latest Russian-made fighter aircraft if the UN embargo ends. Reuters
    Iran could buy some of the latest Russian-made fighter aircraft if the UN embargo ends. Reuters
  • A Sukhoi Su-30, a highly-manoeuvrable two-seat fighter jet designed and built in Russia. EPA
    A Sukhoi Su-30, a highly-manoeuvrable two-seat fighter jet designed and built in Russia. EPA
  • Iran is likely to want to bolster its air defence capabilities, experts have warned. AFP
    Iran is likely to want to bolster its air defence capabilities, experts have warned. AFP
  • Russia's MIG-35 is also a contender to replace the Iranian air force's ageing fleet of Cold War-era fighter jets. EPA
    Russia's MIG-35 is also a contender to replace the Iranian air force's ageing fleet of Cold War-era fighter jets. EPA
  • The JF-17 Thunder, jointly developed by China and Pakistan, performs a demonstration flight at the Paris Air Show in 2015. AP
    The JF-17 Thunder, jointly developed by China and Pakistan, performs a demonstration flight at the Paris Air Show in 2015. AP
  • The multi-role aircraft is another being eyed for Iran's air force. AFP
    The multi-role aircraft is another being eyed for Iran's air force. AFP
  • Chinese made J-10 fighter jets of the Bayi Aerobatic Team. There are fears Iran could try to start a bidding war between Russia and China to build up its military capabilities cheaply. AFP
    Chinese made J-10 fighter jets of the Bayi Aerobatic Team. There are fears Iran could try to start a bidding war between Russia and China to build up its military capabilities cheaply. AFP
  • Russia's highly advanced S-400 surface-to-air missile system at a military base outside near Kaliningrad, Russia March 11, 2019. Reuters
    Russia's highly advanced S-400 surface-to-air missile system at a military base outside near Kaliningrad, Russia March 11, 2019. Reuters
  • Improved surface-to-air missiles are also thought to be a high priority for the Islamic republic. AFP
    Improved surface-to-air missiles are also thought to be a high priority for the Islamic republic. AFP
  • If the S-400 system, seen here in Syria, proves too expensive, Iran could opt for the cheaper but less advanced S-300. AFP
    If the S-400 system, seen here in Syria, proves too expensive, Iran could opt for the cheaper but less advanced S-300. AFP

One provision in the original resolution would have authorised all UN member states to inspect cargo entering or transiting through their territory at airports, seaports and free trade zones from Iran or heading there, if the member state had “reasonable grounds to believe the cargo” contained banned items.

Another provision would have condemned a September 2019 attack on Saudi Arabia and December 2019 attacks on an Iraqi military base in Kirkuk and the US Embassy in Baghdad, saying Iran was responsible.

The new draft says the arms embargo, notwithstanding its October 18 expiration, “shall continue to apply until the Security Council decides otherwise.” It says that full implementation of the arms embargo “is essential to the maintenance of international peace and security.”

Iran’s UN Ambassador Majid Takht Ravanchi said on Twitter: “Rebuffed by UNSC members, US was forced to retreat from its draft resolution … and proposed another version.”

“The new draft is similar – in its NATURE and GOAL – to the previous,” he said. “Confident that the Council will – again – reject this move.”

The United Nations banned Iran from buying major foreign weapon systems in 2010 amid tensions over its nuclear programme. That blocked Iran from replacing its ageing military equipment, much of which had been purchased by the shah before the 1979 Islamic Revolution. An earlier embargo targeted Iranian arms exports.

The US push to make the arms embargo permanent follows President Donald Trump’s 2018 withdrawal from the 2015 nuclear deal between six major powers and Iran, aimed at preventing Iranian development of nuclear weapons. Tehran has repeatedly insisted it has no interest or intention to produce a nuclear bomb.

The 2015 UN Security Council resolution endorsing the nuclear deal includes a provision lifting the arms embargo on Iran on October 18.

The foreign ministers of Russia and China, in separate letters to UN Secretary General Antonio Guterres and the Security Council last month, were sharply critical of the US effort to indefinitely extend the arms embargo. They gave every indication they would veto any such resolution if it got the minimum nine “yes” votes in the 15-member council, which appears unlikely.

If the resolution is defeated, US Secretary of State Mike Pompeo suggested the US would invoke the “snap back” mechanism in the 2015 nuclear deal that would restore all UN sanctions on Iran. “Snap back” was envisioned in the event Iran was proved to be in breach of the accord, under which it received billions of dollars in sanctions relief in exchange for curbs on its nuclear programme.

Russian Foreign Minister Sergey Lavrov accused the Trump administration of waging a politically motivated campaign against Iran and called for “universal condemnation” of the US attempt to impose a permanent arms embargo on Tehran. He said Mr Trump withdrew from the 2015 nuclear agreement and now has no legal right to try to use the UN resolution endorsing the deal to indefinitely continue the embargo.

Chinese Foreign Minister Wang Yi said the arms embargo should be lifted on October 18. He also argued that since the US is no longer a party to the nuclear deal it “has no right to demand the Security Council to activate the rapid reinstatement of sanctions” through the “snap back” provision.

The five remaining signatories to the 2015 deal – Russia, China, Britain, France and Germany – are still committed to the agreement. Diplomats from several of these countries have expressed serious concern that extending the arms embargo would lead to Iran’s exit from the deal and its speeded-up pursuit of nuclear weapons.

The US argues that Iran hasn’t been co-operating with the International Atomic Energy Agency for a year and has been moving a lot of weapons to proxies in the Middle East despite the embargo.

If the embargo is lifted, the US Defense Intelligence Agency predicted in 2019 that Iran would probably try to purchase Russian Su-30 fighter jets, Yak-130 trainer aircraft and T-90 tanks. Tehran also may try to buy Russia’s S-400 anti-aircraft missile system and its Bastian coastal defence missile system, the agency said.

The%20Woman%20King%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Gina%20Prince-Bythewood%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Viola%20Davis%2C%20Thuso%20Mbedu%2C%20Sheila%20Atim%2C%20Lashana%20Lynch%2C%20John%20Boyega%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Liz%20Truss
%3Cp%3EMinisterial%20experience%3A%20Current%20Foreign%20Secretary.%0D%3Cbr%3E%0DWhat%20did%20she%20do%20before%20politics%3F%20Worked%20as%20an%20economist%20for%20Shell%20and%20Cable%20and%20Wireless%20and%20was%20then%20a%20deputy%20director%20for%20right-of-centre%20think%20tank%20Reform.%0D%3Cbr%3E%0DWhat%20does%20she%20say%20on%20tax%3F%20She%20has%20pledged%20to%20%22start%20cutting%20taxes%20from%20day%20one%22%2C%20reversing%20April's%20rise%20in%20National%20Insurance%20and%20promising%20to%20keep%20%22corporation%20tax%20competitive%22.%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

The National selections

Al Ain

5pm: Bolereau
5.30pm: Rich And Famous
6pm: Duc De Faust
6.30pm: Al Thoura​​​​​​​
7pm: AF Arrab​​​​​​​
7.30pm: Al Jazi​​​​​​​
8pm: Futoon

Jebel Ali

1.45pm: AF Kal Noor​​​​​​​
2.15pm: Galaxy Road
2.45pm: Dark Thunder
3.15pm: Inverleigh​​​​​​​
3.45pm: Bawaasil​​​​​​​
4.15pm: Initial
4.45pm: Tafaakhor

Could%20We%20Be%20More
%3Cp%3EArtist%3A%20Kokoroko%3Cbr%3ELabel%3A%20Brownswood%20Recordings%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A