Israel’s Foreign Ministry on Friday urged the international community to impose effective sanctions on Iran as soon as possible, says Haaretz.

The statement was issued following a report by the International Atomic Energy Agency stating that Iran may currently be working on ways to turn enriched uranium into a nuclear warhead.

“The international community must impose sanctions on Iran as soon as possible, so Tehran will understand the heavy price it would pay if it were to continue advancing its nuclear program,” the statement said.

The Foreign Ministry also noted that the new IAEA report is far sharper and clearer than previous reports regarding the military aspects of Iran’s nuclear program.

Earlier Friday, President Shimon Peres said that Israel must form a broad international coalition to face the Iranian nuclear threat,adding that it wasn’t a question of who has nuclear weapons bur rather what it intends to do with that arsenal.

Speaking at the Conference of Presidents of Major American Jewish Organizations in Jerusalem, Peres said that to “curb Iran’s nuclear ambitions Israel must create a broad coalition of nations that can face the Iranian threat.”

“The question isn’t who has the bomb, but who has executioners,” Peres said, adding that “the Iranians are executioners who are trying to get a bomb, and its time we called the executioner by his name, and call a dictator a dictator.