Turkey's ambassador to France Tahsin Burcuoglu told reporters he was saddened by the vote.
On the same day that it imposed new sanctions on Iran, the European Union dropped some of its restrictions against the government of Burma.
Mehmanparast also intimated that the EU is simply bowing to pressure from the United States,
Which countries buy the most Iranian oil and what does it mean for the international community's attempt to stop Iran's nuclear program?
Lavrov also said he hopes that negotiations with Iran over its nuclear ambitions can re-start soon.
Accusing the Arab League of attempting to interfere in internal government affairs, Syria rejected a call for President Bashar al-Assad to step down, just as the European Union tightened sanctions on the country.
Iran will definitely close the Strait of Hormuz, the vital oil-transport waterway between the Persian Gulf and the Gulf of Oman, if the embargos put into place by the European Union disrupt the export of crude oil
Stocks were little changed in early trading on Monday after equities posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.
The European Union approved an oil embargo against Iran in hopes that new economic pressures will convince the country to abandon its nuclear program.
The euro hit its highest level in nearly three weeks against the dollar on Monday on tentative optimism that Greece will cut a deal with its creditors on a debt swap, prompting a squeeze in short positions.
The euro hit its highest level in nearly three weeks against the dollar on Monday on tentative optimism that Greece will cut a deal with its creditors on a debt swap, prompting a squeeze in short positions.
Eurozone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not improve their offer.
There are weeks when it can sound as if the European sovereign debt crisis is going round in circles.
Hamas has reportedly urged Meshaal to reconsider.
Plans to launch a European ratings agency to compete with Standard & Poor's, Moody's Investors Service, and Fitch Ratings are at an advanced stage, and a new private institution could start business as soon as the first half of this year, German businessman Roland Berger told an Italian newspaper.
India's economy will grow at its slowest pace in two years this fiscal year, as tight monetary policy and a logjam in government policy making stifles investment, a Reuters poll showed.
European Union ministers meeting on Monday will attempt to reach agreement on a new treaty enforcing stricter budget controls in the Eurozone that could allow the bloc's highest court to fine countries that do not adopt key rules.
Major powers signaled on Friday their willingness to reopen talks about curbing Iran's suspected pursuit of nuclear weapons but said Tehran must show it is serious about any negotiations.
Oil prices fell on Friday, pressured by economic uncertainty ahead of a possible debt deal in Greece, concerns about China's sluggish manufacturing sector, and weak U.S. petroleum demand.
The volatility, panic, and the resulting tightening of investors' purses that dominated credit markets for much of 2011 is giving way to calm, creating a flood of cash from investors now confident enough to put their money back into corporate bonds. Somewhat surprisingly, crisis-exposed financial institutions, even in Europe, have been able to take advantage.
French President Nicolas Sarkozy on Friday warned against military intervention in Iran, fearing that it would not stop the Islamic Republic's nuclear weapons program, but instead bring more chaos to the region.
Airlines utilizing the Airbus A380 will be required to conduct enhanced inspections following findings of cracks inside the wings of the aircraft, the European Aviation Safety Agency announced Friday.
