Economy of Israel & Finance

Visiting Israeli Vice Prime Minister Silvan Shalom on Monday said the time has come for the UN Security Council to impose "crippling" sanctions on Iran over its nuclear defiance.

Shalom huddled with UN chief Ban Ki-moon here Monday and later told reporters he asked the secretary general "to use his moral voice to ask the Security Council to impose sanctions on Iran."

"The time has come to impose crippling sanctions on the Iranians and I asked to put the 300 leaders of the Revolutionary Guards that are controlling Iran these days on the (UN sanctions) blacklist," he added.