Econ­omy min­is­ter: Iran ex­pe­ri­enced in con­fronting sanc­tions

Iran Daily - - Domestic Economy -

Iran’s Econ­omy Min­is­ter Farhad De­j­pasand down­played the im­pacts of the lat­est US sanc­tions, not­ing that Tehran has gained lots of ex­pe­ri­ence in by­pass­ing and cop­ing with em­bar­gos in past decades.

“Liv­ing through sanc­tions con­di­tions is not dif­fi­cult. We have be­come ex­pe­ri­enced in the past 40 years in con­fronting sanc­tions,” De­j­pasand told re­porters in Tehran on Satur­day, re­ported Fars News Agency.

Not­ing that Iran will use all eco­nomic op­por­tu­ni­ties to con­front en­e­mies, he said, “We have earned good and ef­fec­tive ex­pe­ri­ence in con­fronting sanc­tions since the start of the Is­lamic Rev­o­lu­tion and we have de­vised proper plans to con­front the eco­nomic em­bar­gos.”

His re­marks came hours af­ter Ira­nian Pres­i­dent Has­san Rouhani said Amer­i­can of­fi­cials had ad­mit­ted their in­ca­pa­bil­ity to stop Iran’s crude sales, and the US sanc­tions would only leave neg­a­tive im­pacts on im­ports of food­stuff, medicine and med­i­cal equip­ment.

Ac­cord­ing to US Trea­sury Sec­re­tary Steven Mnuchin, the sweep­ing sanc­tions will see 700 en­ti­ties black­listed, in­clud­ing peo­ple who were granted re­lief un­der the 2015 deal, as well as over 300 new names.

Speak­ing to re­porters on Fri­day, Mnuchin said the sanc­tions will also tar­get pay­ments made through the EU’S SPV chan­nel.

He fur­ther warned global fi­nan­cial mes­sag­ing ser­vice SWIFT that it could be pun­ished if it doesn’t cut off fi­nan­cial ser­vices to en­ti­ties and in­di­vid­u­als do­ing busi­ness with Iran.

“SWIFT is no dif­fer­ent than any other en­tity… We have ad­vised SWIFT that it must dis­con­nect any Ira­nian fi­nan­cial in­sti­tu­tions that we des­ig­nate as soon as tech­no­log­i­cally fea­si­ble to avoid sanc­tions ex­po­sure,” he stated.

Farhad De­j­pasand IRNA

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