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Nuclear plans on for Iran, Moscow says

June 11, 2010 at 9:33 AM

MOSCOW, June 11 (UPI) -- Moscow will continue cooperating with Tehran to develop the first Iranian nuclear power plant despite a new round of sanctions, Russian officials said.

The Security Council voted Wednesday to place new sanctions on Iran. They include an increase in the number of Iranian officials and companies who would be under travel bans and subject to asset freezes. Additional measures relate to searches for banned goods in cargo shipped to or from Iran.

Russian Foreign Minister Sergei Lavrov said the measure would have no impact on plans to develop a nuclear power plant in Iran, state-run news agency RIA Novosti reports.

Russian officials said engineers would move forward their plans at the Bushehr nuclear power plant in August.

Lavrov said Russian companies working in Iran would have to "adapt" to new sanctions but Moscow would guarantee "absolute protection for all significant channels of trade and economic cooperation existing between Russia and Iran."

Russia, a veto-wielding member of the U.N. Security Council, voted in favor of the sanctions.

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