Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > South Korea takes next UN step in Iran sanctions snapback process
    Headlines

    South Korea takes next UN step in Iran sanctions snapback process

    Published by Global Banking and Finance Review

    Posted on September 8, 2025

    2 min read

    Last updated: January 22, 2026

    South Korea takes next UN step in Iran sanctions snapback process - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:international financial institutionfinancial stabilityInvestment managementfinancial marketseconomic growth

    Quick Summary

    South Korea finalizes a UN resolution to lift Iran sanctions amid the snapback process. The outcome depends on key nations' votes and geopolitical negotiations.

    Table of Contents

    • South Korea's Role in the UN Sanctions Process
    • Background on the Snapback Process
    • Potential Outcomes of the Resolution
    • Impact of Russia and China
    • Negotiations with Iran

    South Korea Moves Forward with UN Resolution on Iran Sanctions

    South Korea's Role in the UN Sanctions Process

    By Michelle Nichols

    Background on the Snapback Process

    UNITED NATIONS (Reuters) -South Korea on Monday finalized a draft U.N. Security Council resolution that would permanently lift sanctions on Iran - a move it is required to take as current president of the 15-member body - but a vote has not yet been scheduled, diplomats said.

    Potential Outcomes of the Resolution

    On August 28 Britain, France and Germany launched a 30-day process to reimpose U.N. sanctions, accusing Tehran of failing to abide by a 2015 deal with world powers that aimed to prevent it from developing a nuclear weapon.

    Impact of Russia and China

    Under that process, known as snapback, the council must now vote by late September on a resolution to permanently lift sanctions on Iran, requiring at least nine votes in favor and no vetoes by the U.S., Russia, China, Britain, or France to pass.

    Negotiations with Iran

    If no member had put forward such a resolution 10 days after the snapback process was triggered then it would be up to the council president to do so, which is South Korea for September. 

    By finalizing the text on Monday South Korea can now put it to a vote at any time before the 30-day deadline expires. The resolution is unlikely to be adopted. 

    Britain, France and Germany are still trying to convince Iran to meet three requirements so their threat of reimposing U.N. sanctions can be delayed for a limited amount of time to allow space for talks on a long-term deal to address their concerns about Tehran's nuclear program. Such a delay would require a Security Council resolution. 

    Separately Iran's strategic allies Russia and China finalized a draft Security Council resolution late last month that would extend the 2015 deal for six months and urge all parties to immediately resume negotiations. But they have not yet asked for a vote.

    If Russia and China put their resolution to a vote before Germany, France and Britain have reached agreement with Iran on a delay, then it could be vetoed by France, Britain or the U.S. if needed. 

    (Reporting by Michelle Nichols; Editing by Stephen Coates)

    Key Takeaways

    • •South Korea finalizes a draft UN resolution on Iran sanctions.
    • •The resolution is part of the snapback process initiated by Europe.
    • •A vote requires nine favorable votes and no vetoes from key nations.
    • •Russia and China propose extending the 2015 nuclear deal.
    • •The resolution's adoption is uncertain due to geopolitical tensions.

    Frequently Asked Questions about South Korea takes next UN step in Iran sanctions snapback process

    1What is a UN Security Council resolution?

    A UN Security Council resolution is a formal decision made by the UN Security Council, which can impose sanctions, authorize military action, or establish peacekeeping missions.

    2What is the significance of sanctions in international relations?

    Sanctions are tools used by countries or international organizations to influence or punish nations for specific behaviors, often related to security or human rights.

    3What are the implications of lifting sanctions on Iran?

    Lifting sanctions on Iran could lead to increased economic activity, foreign investment, and potential shifts in regional power dynamics.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Russia is trying to de-escalate Iran tensions, the Kremlin says
    Russia is trying to de-escalate Iran tensions, the Kremlin says
    Image for Romania gears up to better monitor Black Sea pending offshore gas project
    Romania gears up to better monitor Black Sea pending offshore gas project
    Image for Greek joint venture will supply US LNG to Ukraine in March
    Greek joint venture will supply US LNG to Ukraine in March
    Image for German retail industry sees 2% revenue growth in 2026
    German retail industry sees 2% revenue growth in 2026
    Image for Hungary's Tisza party maintains lead over Orban's ruling Fidesz, poll shows
    Hungary's Tisza party maintains lead over Orban's ruling Fidesz, poll shows
    Image for Olympics - Italy's Livigno bets big on Games to cement new identity in winter sports
    Olympics - Italy's Livigno bets big on Games to cement new identity in winter sports
    Image for Germany arrests five for supplying Russian defence firms
    Germany arrests five for supplying Russian defence firms
    Image for Russia says its forces push Ukrainian forces out of settlement of Prydorozhnie
    Russia says its forces push Ukrainian forces out of settlement of Prydorozhnie
    Image for Russia's pipeline gas exports to Europe jump 10% in January on year
    Russia's pipeline gas exports to Europe jump 10% in January on year
    Image for Gaza border reopening long awaited by stranded Palestinians
    Gaza border reopening long awaited by stranded Palestinians
    Image for Explainer-What's next for Trump's Gaza plan after Rafah reopening?
    Explainer-What's next for Trump's Gaza plan after Rafah reopening?
    Image for Tens of thousands of transport workers walk off job in Germany
    Tens of thousands of transport workers walk off job in Germany
    View All Headlines Posts
    Previous Headlines PostStrong earthquake strikes Evia island, felt in Athens
    Next Headlines PostFed approaches Easy Street, political pots boil