UN Security Council to vote Monday on endorsing Iran deal

UNITED NATIONS - The United Nations Security Council is due to vote on Monday on a resolution that would endorse a deal placing long-term curbs on Iran's nuclear program but would retain an arms embargo and ban on the supply of ballistic missile technology, said a US diplomat.

The vote will be scheduled for 9 am EDT (1300 GMT) on Monday, said the diplomat.

According to the draft text, seven previous UN resolutions on Iran will be terminated when the International Atomic Energy Agency submits a report to the council verifying that Iran has implemented certain nuclear-related measures.

The language of the resolution was negotiated as part of the deal agreed on Tuesday in Vienna between Iran, the five veto-wielding Security Council members - the United States, Russia, China, Britain and France - Germany and the European Union.

In return for lifting US, EU and UN sanctions, Iran agreed to long-term curbs on a nuclear program that the West suspected was aimed at creating an atomic bomb, but which Tehran says is peaceful.

A UN ban on the supply of ballistic missile technology to Iran will remain in place for eight years, an arms embargo for five years, and restrictions on nuclear technology for a decade, according to the draft resolution.

It also lists 36 individuals and entities who will no longer be subjected to a global asset freeze and travel ban. There are currently 43 individuals and 78 entities on the UN blacklist. The targeted sanctions regime will be in place for eight years.