iran sanctions

The 72-year-old had set up an elaborate network of businesses across the US, Iran and the UAE to ship controlled petroleum substances.

Western states have been hesitant to discuss sanctions, while Washington and Tehran held indirect talks for an informal agreement that would have Iran freeze its nuclear program.

The Foreign Office did note that Iran’s repeated development and testing of ballistic missiles violates the UN Security Council resolution banning them from doing so.

Keeping the EU sanctions would reflect Western efforts to prevent Iran from developing nuclear weapons and the means to deliver them despite the collapse of the 2015 deal.

Kyiv and its allies say Iran has been supplying Russia with arms, including hundreds of drones, since Moscow invaded Ukraine last year.

The Council said “Restrictive measures now apply to a total of 216 individuals and 37 entities."

Another novel tactic is a government order to both private and public sectors not to provide services to "violators." Warnings of heavy fines and even imprisonment have been issued.

This means a freeze on any assets they hold inside the EU and a ban on travel to the bloc. EU companies are also banned from making funds available to those under sanctions.

Iranian media reported that Moscow expressed readiness to invest in Iran's steel, oil and petrochemical industries.

The US recently targeted Iran's unmanned aerial vehicle industry over its supply of drones to Russia.