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Iran denounces 'unjustifiable' return of UN sanctions / Photo: © AFP
NYSE - LSE
Iran denounces 'unjustifiable' return of UN sanctions
Iran on Sunday condemned as "unjustifiable" the reinstatement of United Nations sanctions over its nuclear programme, after the collapse of talks with Western powers and Israeli and US strikes on its nuclear sites.
The measures, which bar dealings linked to the Islamic republic's nuclear and ballistic missile activities, took effect overnight after Western powers triggered the so-called "snapback" mechanism under the 2015 nuclear accord.
"The reactivation of annulled resolutions is legally baseless and unjustifiable... all countries must refrain from recognising this illegal situation," the Iranian foreign ministry said in a statement.
"The Islamic Republic of Iran will firmly defend its national rights and interests, and any action aimed at undermining the rights and interests of its people will face a firm and appropriate response," it added.
The return of the sanctions ends months of tense diplomacy aimed at reviving nuclear talks derailed since June, when Israeli and US forces bombed Iranian nuclear facilities.
Despite the reimposition, Western leaders stressed channels for dialogue remained open.
US Secretary of State Marco Rubio urged Iran to "accept direct talks, held in good faith".
He also called on UN member states to "immediately" implement sanctions to "pressure Iran's leaders to do what is right for their nation, and best for the safety of the world".
The British, French and German foreign ministers said in a joint statement they would continue to seek "a new diplomatic solution to ensure Iran never gets a nuclear weapon".
They also called on Tehran "to refrain from any escalatory action".
- 'No choice' -
Iran had allowed UN inspectors to return to its nuclear sites, but President Masoud Pezeshkian said the United States had offered only a short reprieve in return for handing over its whole stockpile of enriched uranium, a proposal he described as unacceptable.
An 11th-hour effort by Iran allies Russia and China to postpone the sanctions until April failed to win enough votes in the Security Council on Friday, leading to the measures taking effect at 3:30 am in Tehran (0000 GMT) on Sunday.
Germany, which triggered the return of sanctions alongside Britain and France, had "no choice" as Iran was not complying with its obligations, Foreign Minister Johann Wadephul said.
"For us, it is imperative: Iran must never acquire a nuclear weapon," he told the UN General Assembly.
"But let me emphasise: we remain open to negotiations on a new agreement. Diplomacy can and should continue."
Russia made clear it would not enforce the sanctions, considering them invalid.
The sanctions "finally exposed the West's policy of sabotaging the pursuit of constructive solutions in the UN Security Council, as well as its desire to extract unilateral concessions from Tehran through blackmail and pressure," Russian Foreign Minister Sergei Lavrov said.
Iran has long contended that it is not seeking nuclear weapons.
- Economic impact -
The sanctions are a "snapback" of measures frozen in 2015 when Iran agreed to major restrictions on its nuclear programme under a deal negotiated by former president Barack Obama.
The United States already imposed massive sanctions, including trying to force all countries to shun Iranian oil, when President Donald Trump withdrew from the deal in his first term.
Iran and the United States had held several rounds of Omani-brokered talks earlier this year before they collapsed in June when first Israel and then the United States attacked Iranian nuclear facilities.
Iran recalled its envoys from Britain, France and Germany for consultations on Saturday, state television reported.
On the ground, Iranians lamented the likely impact of the new sanctions on an already squeezed economy.
"The current (economic) situation was already very difficult, but it's going to get worse," said an Iranian engineer who asked to be identified only by his first name Dariush.
"The impact of the renewed sanctions is already evident: the exchange rate is increasing, and this is leading to higher prices," the 50-year-old said, complaining that the standard of living is "much lower" than it was two or three years ago.
The dollar was trading at around 1.12 million rials on the black market on Saturday, a record high according to several currency tracking websites.
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P.Adams--SFF
