Connect with us

Hi, what are you looking for?

Smart Investment StepsSmart Investment Steps

Investing

UN Security Council rejects China-Russia resolution extending Iran nuclear sanctions relief before deadline

The United Nations on Friday failed to adopt a resolution brought by China and Russia that would have extended sanctions relief for Iran for another six months under the nuclear deal.

The vote was 4 to 9, with Algeria, China, Pakistan and Russia in favor and Denmark, France, Greece, Panama, Sierra Leone, Slovenia, Somalia, the United Kingdom and the United States against.

Guyana and South Korea abstained.

The vote came after Britain, France and Germany triggered the deal’s ‘snapback’ measure, which reinstates sanctions on Iran following stalled talks on its nuclear program.

The sanctions, which will go into effect unless there’s a last-minute deal Friday, will include freezing Iranian assets abroad, halting arms deals with Tehran and penalizing any development of Iran’s ballistic missile program. 

‘We had hoped that European colleagues and the U.S. would think twice, and they would opt for the path of diplomacy and dialogue instead of their clumsy blackmail, which merely results in escalation of the situation in the region,’ Dmitry Polyanskiy, deputy Russian ambassador to the U.N., said during the meeting.

Iran’s foreign minister, Abbas Araghchi, had also been meeting with his French, German and British counterparts in the lead-up to the U.N. vote. 

A European diplomat told The Associated Press the meeting ‘did not produce any new developments, any new results.’

On Tuesday, Ayatollah Ali Khamenei, Iran’s supreme leader, also said Iran would not ‘surrender to pressure’ and that negotiations with the U.S. would be a ‘dead end.’ 

In an interview on Friday, Iranian President Masoud Pezeshkian called the decision ‘unfair, unjust and illegal.’

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Latest News and Articles




    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    President Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariff on imported branded...

    Stock

    WASHINGTON — Americans are more likely to watch newly released movies from the comfort of their own homes instead of heading out to a...

    Editor's Pick

    Silo Wellness Inc. (CSE: SILO) (‘Silo’ or the ‘Company’), to be renamed Born Defense Inc., is pleased to announce that it has submitted its...

    Stock

    A group of the country’s top economic leaders, including every living former Federal Reserve chair, filed an amicus brief with the Supreme Court on...

    Disclaimer: smartinvestmentsteps.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartinvestmentsteps.com