JERUSALEM, Sept. 8 (Xinhua) -- Israel's Foreign Minister Tzipi Livni rejected on Friday a Russian proposal to hold an international peace conference to discuss various aspects of the Mideast conflict, local newspaper Yedioth Ahronoth reported.

    In response to visiting Russian Foreign Minister Sergei Lavrov's proposal to hold a Middle East peace conference, Livni said that as of now, an international summit is not a solution.

    "We are not enthused by the Arab League's initiative. In the past, such summits were launched with a bang but ended in disappointment," Livni said.

    Underlining the importance for Israel to meet immediately with Palestinian President Mahmoud Abbas without preconditions, Livni said, "An immediate meeting with Abbas is necessary so we can hear about the problems in the Palestinian National Authority (PNA) from him."

    As for imposing an arm embargo on Lebanon's Hezbollah, Russian foreign minister Lavrov said that Russian authorities a reinvestigating claims that weapons Russia sold to Syria ended up in the hands of Hezbollah.

    "We have strict regulations which say that no country can transfer weapons that we have sold it to a third party," he said during a joint press conference with Livni following their meeting.

    Livni, for her part, said that "Lebanon has an absolute responsibility to implement the arms embargo that was agreed upon in the Security Council."

    "If Syria will not abide by the Security Council's decision, international sanctions must be implemented against it. Syria must understand that the condition for its inclusion in the international community is not providing support to terror organizations and Hezbollah," she added.

    During the meeting, Livni also emphasized the need for the complete implementation of UN Security Council Resolution 1701, including the need to release the "hostages" and the application of full Lebanese sovereignty over the entire Lebanese territory. Enditem