The Iranian Foreign Ministry stated that Tehran has no plans to immediately resume nuclear talks with European powers after they triggered snapback sanctions, according to AFP.
The E3_ Britain, France, and Germany_ reimposed sanctions on September 28 after they claimed that Tehran has violated a 2015 deal that aimed at halting it from developing a nuclear weapon.
However, Iran has repeatedly denied such accusations and claimed that its nuclear program is only meant for peaceful purposes.
Last week, Britain added 71 new designations to its sanctions list, targeting senior officials involved in Iran’s nuclear program along with major financial and energy institutions.
Those targeted by the British sanctions will now face asset freezes, financial restrictions, and travel bans.
No Plans for Talks
“We have no plans for negotiations at this stage,” Iran’s Foreign Ministry spokesman Esmaeil Baqaei said.
Baqaei also noted that Iran is currently assessing the “consequences and implications” of the renewed sanctions imposed by the three European countries known as the E3.
“Of course, diplomacy — in the sense of maintaining contacts and consultations — will continue,” Baqaei said.
Nuclear Talks
Iran and the US held five rounds of nuclear talks before Israel targeted Iranian nuclear facilities on June 13.
However, these talks faced key stumbling blocks such as uranium enrichment on Iranian soil, a step met with utter rejection by European powers which claimed that Tehran is enriching uranium for unpeaceful purposes.
Severe Economic Consequences
On Sunday, the Iranian parliament passed legislation to remove four zeros from the national currency, the rial, in an attempt to stabilize its currency after it has witnessed a remarkable decline due to the renewed sanctions.
Under the new plan, 10,000 rials will be converted into a single new rial.
After the reimposition of UN sanctions, the rial has suffered repeated record lows, black market trackers reported.
On Sunday, the rial traded at approximately 1,115,000 to the U.S. dollar, up from roughly 920,000 when the redenomination plan was revived in early August.
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