UN Reinstates Iran Sanctions

(MENAFN) The United Nations has reintroduced a series of sanctions against Iran on Sunday, following the activation of a “snapback” clause by three European nations.

This move brings back a set of restrictions that had been inactive for nearly ten years.

These renewed sanctions apply to 43 individuals and 78 organizations that were originally listed before July 2015, the time when the landmark Iran nuclear agreement was finalized.

On Sunday, France, Germany, and the United Kingdom triggered the “snapback” provision outlined in UN Security Council Resolution 2231.

This resolution mandates that if Iran fails to uphold its commitments, the previously lifted sanctions must be reinstated within a 30-day period.

Earlier this year, following military actions by the United States and Israel targeting Iran, Tehran halted its collaboration with the UN’s atomic oversight agency.

Iranian officials claimed the International Atomic Energy Agency (IAEA) was prejudiced in its assessments.

This marks the first time in a decade that these sanctions have been re-enforced, as the three European nations have accused Iran of breaching its nuclear commitments.

The reinstated restrictions prohibit activities related to Iran’s nuclear ambitions and missile development, and they are expected to create broader repercussions for the nation’s financial and trade sectors.

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