UPDATE 2-U.N. on target for Iran sanctions by mid-June-sources

* Iran sanctions ready by mid-June

* Uncertain when draft will go to Security Council

(Adds details, quotes)

LONDON, May 7 (BestGrowthStock) – A new round of U.N. sanctions
against Iran will be ready by mid-June, European diplomatic
sources said on Friday, but it remained uncertain how soon a
draft proposal will be put to the Security Council.

Brazil’s foreign minister told Reuters on Friday that Brazil
was working with Iran to find a solution to the stand off over
its nuclear programme, a process that could slow the timetable
for presenting the draft to the United Nations.

But the European diplomats said mid-June remained the target
for getting a fourth round of sanctions passed as the United
States and its European partners, with increasing support from
Russia and China, move to pile pressure on Iran.

“Brazil and China are now on board,” said one of the
sources, who is closely following discussions in New York.

“The timeframe we are working on is … to get a Security
Council resolution by the second week of June,” he said.

The European sources said they had expected a draft
resolution to go before the 15-member Security Council as early
as next week, but U.S. diplomats dismissed that possibility.

“That is not correct,” said a U.S. State Department
spokesman.

The EU3+3 — the United States, Britain, France, Germany,
Russia and China — have been in discussions for months over a
further round of sanctions, while Tehran has indicated that it
is prepared to re-open discussions on a fuel swap that might
forestall the need for tighter new sanctions.

Iran’s Foreign Minister Manouchehr Mottaki held talks with
Security Council diplomats in New York this week and said he had
reiterated the possibility of a uranium swap.

“Everybody should give the swap proposal a chance. Everybody
should try to find the proper way to solve this problem,” he
told reporters in Turkey, where he held talks with Turkish
Foreign Minister Ahmet Davutoglu on Friday.

MEDIATION

Turkey, one of 10 non-permanent members of the Security
Council, remains opposed to further sanctions against Iran and
has repeatedly resisted EU attempts to shift its position.

“The Turks have to be convinced a bit more,” one of the
European sources said, adding that efforts would redouble in the
coming weeks to try to win Turkey over.

At the same time, Brazil is also pushing to give Iran more
time. Foreign Minister Celso Amorim told Reuters he saw a window
of opportunity to get Iran back on side with its nuclear
programme, which Tehran says is only for peaceful purposes.

“I think there’s room (for dialogue),” he said on Friday. “I
noticed more pragmatism in the Iranian leadership, an interest
in moving forward.”

The European sources said the intention was to get a
Security Council resolution by mid-June so that more pressure
would be applied on Iran to “re-engage”, rather than allowing it
to hold out the possibility of further discussions before a
resolution is approved and then renege on the offer.

“They need to get the resolution through, then it has to
come back to the EU and to other places to be implemented, and
that takes a bit of time,” he said. “They hope that the Iranians
will re-engage at that point.”

Catherine Ashton, the EU’s high representative for foreign
affairs, has held talks with Turkey’s foreign minister in recent
weeks and has indicated that she would be willing to meet the
Iranians after new sanctions are in place.

One of the sources said it was possible that she could meet
the Iranians in Turkey “this side of the summer” if a new
sanctions package is approved by mid-June.
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(Additional reporting by Raymond Colitt in Brasilia and Daren
Butler in Istanbul; Editing by Jon Boyle)

UPDATE 2-U.N. on target for Iran sanctions by mid-June-sources