Italian Foreign Minister Franco Frattini said Thursday that the Group of Eight nations is giving Iran until the end of the year to commit to ending uranium enrichment and avoid new sanctions.

Frattini, whose nation holds the rotating chair of the club of wealthy nations known as the G-8, said the member's foreign ministers agreed Wednesday night to give Iran more time.

"It seems to me a reasonable perspective. And after the end of December, I strongly hope we will have at that time practical moves from Iran," Frattini said.