Iranian Foreign Minister Abbas Araghchi said he has submitted to European powers a “fair and balanced” proposal on Tehran’s nuclear program to prevent the re-imposition of UN sanctions on the Islamic Republic.

Iran “presents a proposal that is creative, fair and balanced, responsive to real concerns and mutually beneficial,” Araghchi wrote in X late last night.

He added that the proposal was presented yesterday to the United Kingdom, France and Germany, a group of countries known as the E3, as well as the European Union.

“The implementation of this idea can be done quickly and allow the respective red lines to be reconciled to prevent a crisis,” he warned, assessing that “Iran cannot be the only responsible actor.”

The Iranian minister’s statement came as the UN Security Council is expected, barring the unlikely event, to give the green light today to reimpose sanctions against Tehran. According to diplomatic sources, Iran fails to gather the nine votes needed to maintain the status quo and prevent the re-imposition of sanctions by the end of the month.

“What the Europeans are doing is politically biased and politically motivated…They are making a mistake at various levels by trying to use the mechanism embedded in the Joint Comprehensive Plan of Action (JCPOA) in the wrong way,” Iran’s Deputy Foreign Minister Sayyid Khatibzadeh told reporters in Geneva today. He said all options are on the table if diplomacy fails. “If the Europeans follow this path, they are increasing the unpredictability to the maximum and are responsible … for any possible future risk,” he said.

The E3 countries are among those that signed the 2015 international agreement (JCPOA) that provided for restrictions on Iranian nuclear activities in exchange for the lifting of sanctions against Tehran. This agreement was intended to prevent Iran from acquiring nuclear weapons, a goal that Western powers and its sworn enemy Israel have long suspected it is pursuing, something Tehran denies.