The text was approved by all five permanent members of the Security Council after months of negotiations, and targets Iranian banks, and calls for the inspection of ships suspected of goods related to Iran's nuclear or missiles programs.
"The draft is currently under discussion in the Security Council of the United Nations has no legitimacy at all," Iran's semi-official Fars news agency quoted President Mahmoud Ahmadinejad, a senior advisor Mojtaba Samareh Hashemi said.
Western diplomats say that the text is the result of a settlement between the U.S. and three European allies, who tried harder sanctions against Tehran be set, and Russia and China that aims to take them.
Some of the proposed new measures. But diplomats say the Western final result was probably the best we can hope, in light of China and Russia's determination actions that could have undermined Iran's troubled economy avoids..
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