Tuesday 21 July 2015

UN Security Council Backs Iran Deal Congress Set to Review - Bloomberg Business

UN Security Council Backs Iran Deal Congress Set to Review - Bloomberg Business:



"The United Nations Security Council unanimously adopted a resolution endorsing an agreement that places curbs on Iran’s nuclear program in exchange for a lifting of economic sanctions against the Islamic Republic.



All 15 members of the council approved the resolution which authorizes the phased lifting of sanctions once the International Atomic Energy Agency verifies Iran’s implementation of a series of nuclear-related measures.



While the resolution terminates seven previous UN resolutions, it contains a “snap back” mechanism that will at any time restore all former punitive measures if Iran breaches the deal it signed last week with China, France, Russia, the U.K., the U.S. and Germany."



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