The United Nations is scheduled to re-impose existing sanctions on Iran following a failed diplomatic effort to postpone their implementation. These sanctions, previously in place, target various sectors of the Iranian economy and financial transactions. The Russian and Chinese governments initiated a bid to extend the duration of the sanctions, aiming to achieve a mutually agreed delay. The UN is expected to formally resume the sanctions following the outcome of the diplomatic negotiations. The legal implications of this action are being assessed by international observers.
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