UN reimposes sanctions on Iran after triggering snapback mechanism
(MENAFN) On Sunday, the UN re-established dozens of sanctions against Iran after three European nations used a “snapback” mechanism to restore the limitations that had been halted for almost a decade.
The sanctions are aimed at 43 individuals as well as 78 entities that were originally listed prior to July 2015, which is when the Iranian nuclear deal was inked.
The “snapback” mechanism under UN Security Council Resolution 2231 was activated by France, Germany, and the UK on Sunday. This mechanism commands that sanctions must be re-established within 30 days if Iran is found to be non-compliant with its requirements.
Tehran stopped working with the UN nuclear watchdog, the International Atomic Energy Agency (IAEA), after US and Israeli attacks earlier this year, claiming the agency held a bias against it.
On Sunday, the sanctions were put back in place for the first time in ten years, a move that followed the three nations’ accusation that Tehran had violated its nuclear duties.
The measures bar transactions connected to Tehran’s nuclear and ballistic missile plans and are anticipated to have broader consequences for the nation’s economy.
The sanctions are aimed at 43 individuals as well as 78 entities that were originally listed prior to July 2015, which is when the Iranian nuclear deal was inked.
The “snapback” mechanism under UN Security Council Resolution 2231 was activated by France, Germany, and the UK on Sunday. This mechanism commands that sanctions must be re-established within 30 days if Iran is found to be non-compliant with its requirements.
Tehran stopped working with the UN nuclear watchdog, the International Atomic Energy Agency (IAEA), after US and Israeli attacks earlier this year, claiming the agency held a bias against it.
On Sunday, the sanctions were put back in place for the first time in ten years, a move that followed the three nations’ accusation that Tehran had violated its nuclear duties.
The measures bar transactions connected to Tehran’s nuclear and ballistic missile plans and are anticipated to have broader consequences for the nation’s economy.

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Seoul Exchange, One Of Only Two Licensed Platforms For Unlisted Securities, Will Exclusively Use Story To Settle Tokenized Rwas
- Phase 6 Reaches 50% Mark As Mutuum Finance (MUTM) Approaches Next Price Step
- 0G Labs Launches Aristotle Mainnet With Largest Day-One Ecosystem For Decentralized AI
- Solotto Launches As Solana's First-Ever Community-Powered On-Chain Lottery
- Kintsu Launches Shype On Hyperliquid
- Blockchainfx Raises $7.24M In Presale As First Multi-Asset Super App Connecting Crypto, Stocks, And Forex Goes Live In Beta
Comments
No comment