in an open session of the Majlis on Sunday, the double-urgency bill was approved with an absolute majority, with 179 votes in favor, 4 against and 11 abstentions, IRNA reported.
The new bill is meant to downgrade the diplomatic ties between Tehran and London to the level of charge d'affaires, and limit all economic and cultural collaborations to the minimum level.
The Iranian lawmakers offered the bill in response to the UK's recent decision to impose sanctions against the Central Bank of the Islamic Republic of Iran, over the allegation that Tehran's nuclear program may consist of a covert military agenda.
UK's Chancellor of the Exchequer George Osborne declared on Monday that London was terminating all contacts between the British financial system and the entire Iranian banking system, even though, according to Iranian financial authorities, such contacts had been severed a long time ago and that the announcement is purely political and will in no way impact Iran's financial dealings.
On Tuesday, Majlis Speaker Ali Larijani announced that Tehran would review its relations with those European countries that have unilaterally imposed sanctions on Iran.
The sanctions were imposed after the international Atomic Energy Agency (IAEA) Board of Governors adopted a US-engineered resolution against Iran's nuclear program on November 18 that was poorly supported by its members and strongly refuted by the Non-Aligned Movement (NAM) member nations.
Moreover, the resolution failed in its attempt to report Iran to the UN Security Council or in setting a deadline for Tehran to comply.