framework – n. the basic structure of something
sanctions – n. an action that is taken or an order that is given to force a country to obey international laws by limiting or stopping trade with that country, by not allowing economic aid for that country, etc.
non-binding – adj. not officially requiring that you do something: not able to be enforced by law
austerity – n. a situation in which there is not much money and it is spent only on things that are necessary