By Andrew L. Jaffee

Can this be good news?

The United Nations Security Council has unanimously voted to impose sanctions against Iran over its failure to halt uranium enrichment.

The sanctions ban the supply of nuclear-related technology and materials and impose an asset freeze on key individuals and companies.

Will the sanctions be enforced? I doubt it. Remember the UN’s infamous “oil-for-food” program, under which Saddam stole “$10.1 billion through oil smuggling and kickbacks from suppliers?”

The bad news already started before the ink dried on this new resolution:

The draft resolution was amended several times after objections from both the Russians and Chinese.

But after parts of the resolution were watered down, both Russia and China - who have close financial ties with Iran - backed the proposals.