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Europe has hit Iran with ‘snapback’ sanctions over its nuclear program. Here’s what that means
Iran was hit with so-called snapback sanctions on Sunday local time, at a time of high tension in the Middle East. But what does that mean?
The term is used for the reimposition of United Nations sanctions against Iran a decade after they were suspended as part of a landmark deal to limit and monitor the countryâs controversial nuclear program.
France, Germany and the United Kingdom said they had âno choiceâ but to trigger the snapback, accusing Iran of not meeting its obligations under the agreement. But the reversion could mean Tehran moves even further from international oversight of its nuclear program.
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Tehran, Iran – After about a decade, Iran is once more subject to United Nations sanctions as the West piles pressure on Tehran, despite opposition from Russia and China.
The sanctions were automatically reinstated at midnight GMT on Sunday after the European signatories of Iran’s 2015 nuclear deal invoked the “snapback” mechanism of the landmark accord to reactivate them.
They include an arms embargo, asset freezes and travel bans, and nuclear, missile and banking sanctions that are expected to impact all sectors of the beleaguered Iranian economy, as most of over 90 million people pay the price over the coming months.
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