The Iranian government has failed to give a positive answer to a package of incentives offered Iran in June by the P-5+1. The P-5+1 is made up of Britain, China, France, Russia, the United States, and Germany.
The incentives include political, economic, and trade benefits, as well as help with civil nuclear energy, if Iran agrees to suspend all of its proliferation-sensitive nuclear activities and enter into negotiations on a long-term agreement to resolve international concerns with Iran’s nuclear program. Proliferation-sensitive nuclear activities can be used to produce nuclear weapons, and the United Nations Security Council has required that Iran stop all such work.
As a result of Iran’s failure to give a clear and positive answer to the P-5+1’s generous incentives package, the P-5+1 has agreed to begin pursuing further sanctions on Iran. The UN Security Council has already adopted three UN Security Council resolutions imposing legally-binding sanctions on Iran. In addition, the U.S. and other countries have adopted targeted financial measures aimed at Iranian banks, entities, and individuals involved in Iran’s proliferation-related activities.
U.S. State Department Acting Deputy Spokesman Gonzalo Gallegos said the P-5+1 countries have reaffirmed their commitment to a dual track strategy with Iran:
”While the incentive track remains open, the political directors [of the P-5 plus 1] agreed that in the absence of a clear and positive response, we have no choice but to pursue further sanctions, and we’re discussing next steps, and beginning to consider the possible outlines of another sanctions resolution.”
U.S. Secretary of State Condoleezza Rice says Iran’s refusal to comply with Security Council mandates concerning its nuclear program has exposed Iran to isolation, isolation that is affecting Iran’s economy. Iran’s leaders, said Secretary of State Rice, should have felt that time was running out on this issue a long time ago. “When you are under [U.N.] Chapter Seven resolutions, when you are having trouble getting banks to come in, getting investment, when export credits are going down from around the world, when you have inflation roaring,” said Secretary of State Rice, “time is running out.”