Tuesday, 02 January 2024 12:17 GMT

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.

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