Published by Global Banking and Finance Review
Posted on August 26, 2025
1 min readLast updated: January 22, 2026
Iran warns Europe of consequences for reimposing UN sanctions, asserting Europe's lack of authority. Ongoing nuclear talks continue.
DUBAI (Reuters) -Iran's foreign ministry spokesperson Esmaeil Baghaei said on Tuesday that Tehran told Europe's top three powers the revival of the "snapback" mechanism, re-mposing UN sanctions on Iran, will have consequences.
Baghaei said Tehran told Europeans during a meeting in Geneva they do not have the right to trigger the mechanism, adding both sides would continue nuclear talks in the coming days.
(Reporting by Parisa Hafezi; Writing by Menna Alaa El-Din; Editing by Chris Reese)
A foreign currency is any currency that is not the domestic currency of a particular country. It is used in international trade and investment.
An international financial institution is an organization that provides financial services for international economic development, such as the World Bank or International Monetary Fund.
Financial stability refers to a condition where the financial system operates effectively, allowing for the smooth functioning of financial markets and institutions.
Economic growth is the increase in the production of goods and services in an economy over a period, typically measured by the rise in GDP.
UN sanctions are measures imposed by the United Nations to influence a country’s behavior, often in response to violations of international law or threats to peace.
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