ERBIL, Kurdistan Region of Iraq - The Iranian government on Sunday announced its preparedness for the reimposition of international sanctions by Western powers, saying it has spent months studying plans to deal with the economic fallout from the move.

The announcement came shortly after the United Nations formally reimposed a global arms embargo and other sanctions on Iran through the “snapback” mechanism of the 2015 nuclear deal.

“The government's plans in the face of oppressive sanctions have been reviewed and finalized, and in this regard, it is necessary to make decisions appropriate to the country's conditions,” Iran’s First Vice President Mohammad Reza Aref said on Sunday after a meeting with top officials, the state-owned IRNA news agency reported.

Aref stressed the country’s readiness to deal with the severe restrictions, noting that the government has prepared for all outcomes. 

He emphasized that “for several months now, various meetings have been held in the government with the presence of the President, taking into account various regional and international conditions, and for this reason, the government has prepared itself for any situation.”

Iran’s Supreme National Security Council (SNSC) Secretary Ali Larijani echoed such sentiment, stating that "in the current situation, it is necessary to increase national resilience against sanctions through appropriate planning." 

Aref also expressed a readiness to maximize cooperation with all institutions, including the SNSC, “to counter the hostile actions of those who wish ill against the Iranian nation.”

The sanctions were reimposed early Sunday after talks between Iran and Western powers failed to find a compromise regarding Tehran’s nuclear program.

Britain, France, and Germany triggered the "snapback," accusing Iran of noncompliance with the 2015 nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA). The renewed restrictions will introduce a global ban on working with companies and individuals accused of cooperating with Iran’s nuclear and missile programs.

“The reactivation of annulled resolutions is legally baseless and unjustifiable … all countries must refrain from recognizing this illegal decision,” the Iranian foreign ministry said in a statement on Sunday. 

Meanwhile, Iran's military remained defiant on its defense programs. Abolfazl Shekarchi, spokesman for the general staff of the armed forces, emphasized that Iran will continue the path of manufacturing “advanced defense equipment and will not seek permission from any country.”

The foreign ministers of the UK, France, and Germany urged Iran in a joint statement to return to negotiations, stating, “The reimposition of UN sanctions is not the end of diplomacy.”

US Secretary of State Marco Rubio also called on Tehran to “accept direct talks, held in good faith.”