Tuesday, 02 January 2024 12:17 GMT

EU Reimposes Iran Sanctions After UN 'Snapback' Is Triggered


(MENAFN- Kuwait News Agency (KUNA)) BRUSSELS, Sept 29 (KUNA) -- The Council of the European Union announced on Monday the reimposition of a package of restrictive measures against Iran, following the reinstatement of UN sanctions related to Tehran's nuclear-proliferation activities after the UN Security Council (UNSC) declined to extend sanctions relief.
In a statement, UNSC said the step followed activation of the so-called 'snapback' mechanism by France, Germany and the UK, in line with the provisions of the 2015 Iran nuclear agreement.
It added that the reintroduced measures include UN sanctions adopted by the UNSC since 2006 - automatically incorporated into EU law - as well as separate EU autonomous sanctions.
The measures comprise travel bans on certain individuals, the freezing of their assets and those of affiliated entities, and a prohibition on providing them with financial or economic resources.
They also impose economic and financial sanctions covering the trade, financial and transport sectors.
In trade, the sanctions include a ban on arms exports to Iran and on the transfer of any materials or technologies that could contribute to enrichment, reprocessing or ballistic-missile programs.
They also prohibit the import, purchase or transport of crude oil, gas, petrochemical and petroleum products, and related services, as well as the sale or supply of key energy-sector equipment, precious metals such as gold and diamonds, certain naval equipment and specified software.
In the financial sector, the EU has reimposed the freezing of assets of the Central Bank of Iran and several major Iranian commercial banks.
Regarding transport, the decision reinstates measures preventing Iranian cargo flights from accessing EU airports, as well as a ban on the maintenance and servicing of Iranian cargo aircraft and vessels carrying prohibited materials or goods.
The nuclear agreement was signed in July 2015 between Iran and the five permanent members of the UNSC, along with Germany, with the support of the EU High Representative for Foreign Affairs and Security Policy.
It set out gradual steps to ensure Iran's nuclear program remained exclusively peaceful, in return for lifting sanctions.
However, on August 28, 2025, France, Germany and the UK informed the UNSC that Iran had significantly failed to comply with its commitments, triggering the 'snapback' mechanism and the reimposition of UN and EU sanctions after a 30-day period elapsed without the Council adopting a new resolution to prevent it. (end)
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