International body endorses resumption of economic restrictions towards Iran - International Security Council grants approval for reimposing financial restrictions against Iran
In a significant development, the United Nations Security Council has given the green light for the reimposition of sanctions against Iran. The decision comes after a resolution was rejected, with nine of the 15 council members voting against the measure.
The E3 countries – Germany, France, and Britain – triggered the so-called snapback mechanism in August, which provides for the reimposition of UN sanctions against Iran within 30 days. The move was taken due to concerns over Iran's non-compliance with its commitments to limit its nuclear program.
Prior to the Security Council vote on Friday, Iranian Foreign Minister Abbas Araghtschi made a statement to the head of the International Atomic Energy Agency (IAEA), Rafael Grossi, in a phone call. The details of the conversation are not publicly known, but it is understood that Iran had made a 'fair' offer to the Europeans in the nuclear dispute to prevent the reintroduction of UN sanctions, which was ultimately rejected.
The E3 countries are currently negotiating with Iran, but have reported no progress so far. The offer of the E3 countries to find a solution by the end of the deadline on September 28 is still on the table, according to French UN ambassador, Jérôme Bonnafont.
The rejection of the resolution was welcomed by Israel, with Foreign Minister Gideon Saar writing that it must continue to be the goal of the international community to prevent Iran from ever acquiring nuclear capabilities.
China and Russia, along with Pakistan and Algeria, were the only ones to support the further suspension of the sanctions. Iran sharply criticized the vote, rejecting any political measures and unfair pressure that could lead to an escalation of tensions.
The nuclear agreement to prevent Iran from building a nuclear bomb was concluded by the E3 countries, the USA, Russia, and China in 2015. However, the details of the diplomatic initiative presented by the E3 countries to prevent the reimposition of UN sanctions on Iran are not explicitly stated in the provided search results.
In the wake of the Security Council's decision, British ambassador to the UN, Barbara Woodward, called on Iran to act now. French President Emmanuel Macron expected the reintroduction of sanctions, as stated in an interview on Israeli television on Thursday.
As the situation unfolds, the international community will be closely monitoring developments and negotiations between the E3 countries and Iran. The potential reimposition of sanctions could have significant implications for the future of Iran's nuclear programme and regional stability.
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