Published by Global Banking & Finance Review®
Posted on October 1, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleRussia's UN Ambassador states non-recognition of UN sanctions on Iran, creating parallel realities in international relations.
(Reuters) -Russia does not recognize the reimposition of United Nations sanctions on Iran, Russia's U.N. Ambassador Vassily Nebenzia told reporters on Wednesday when asked if Moscow would enforce the measures.
"We'll be living in two parallel realities, because for some snapback happened, for us it didn't," he said at a press conference to mark the start of Russia’s presidency of the U.N. Security Council for October.
(Reporting by Michelle Nichols)
An international financial institution (IFI) is an organization that provides financial support and advice for economic development projects in countries. Examples include the World Bank and the International Monetary Fund.
Foreign currency refers to the money used in other countries, which is different from the domestic currency. It is often used in international trade and finance.
Sanctions are penalties or restrictions imposed by countries or international organizations to influence or control the behavior of a nation or group. They can include trade restrictions, financial penalties, or diplomatic measures.
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