Dec 19, 2010 1:28 PM by AP
UNITED NATIONS (AP) - The U.N. Security Council is holding an emergency meeting on rising tensions on the Korean Peninsula.
Russia called for the meeting and diplomats say Moscow wants the U.N.'s most powerful body to adopt a statement Sunday calling on both North and South Korea to exercise maximum restraint.
The North has warned of "catastrophe" if the South goes ahead with plans to conduct one-day, live-fire drills by Tuesday on the same front-line island the North shelled last month as the South conducted a similar exercise.
Russia's U.N. Ambassador Vitaly Churkin called Saturday for diplomatic action to reduce tensions between the two Koreas.