it is the only UN body with the authority to issue binding resolutions to member states. The Security Council held its first session on 17 January 1946. Like the UN as a whole, the Security Council was created following World War II to address the failings of a previous international organization, the League of Nations, in maintaining world peace. In its early decades, the Security Council was largely paralyzed by the Cold War division between the US and USSR and their respective allies, though it authorized interventions in the Korean War and the Congo Crisis and peacekeeping missions in the Suez Crisis, Cyprus, and West New Guinea. With the collapse of the Soviet Union, UN peacekeeping efforts increased dramatically in scale, and the Security Council authorized major military and peacekeeping missions in Kuwait, Namibia, Cambodia, Bosnia, Rwanda, Somalia, Sudan, and the Democratic Republic of Congo. The Security Council consists of fifteen members.The great powers that were the victors of World War II—the Soviet Union (now represented by Russia), the United Kingdom, France, China, and the United States—serve as the body's five permanent members. These permanent members can veto any substantive Security Council resolution, including those on the admission of new member states or candidates for Secretary-General. The Security Council also has 10 non-permanent members, elected on a regional basis to serve two-year terms. The body's presidency rotates monthly among its members.