ID :
199812
Mon, 08/08/2011 - 13:18
Auther :
Shortlink :
https://oananews.org//node/199812
The shortlink copeid
VP: Western Sanctions against Iran Deprive European Companies of Interests
TEHRAN (FNA)- Iranian Vice-President Lotfollah Forouzandeh underlined that sanctions against Iran have left harmful impacts on the western companies, and said the European Union has no other option but lifting these sanctions and embargoes.
"The EU private sectors are complaining to their politicians about the anti-Iran sanctions and the EU will have to come out of the circle of (the supporters of Iran sanctions) sooner or later," Forouzandeh told FNA on Monday.
"Any move by the westerners to impose sanctions on Iran will further limit their capacities and will create new capacities for the Islamic Republic of Iran," the official reiterated.
He also stressed that Europe and the US are depriving themselves of Iran's 70-million population market.
The unilateral boycotts and embargoes imposed by the western countries against Iran will no doubt harm the foreign companies while they create an opportunity for Tehran's further progress, a senior Iranian legislator underlined.
Analysts believe that the unilateral boycotts and embargoes imposed by the western countries against Iran will no doubt harm foreign companies and create an opportunity for Tehran's further progress.
Iran is under four rounds of UN Security Council sanctions for turning down West's calls to give up its right of uranium enrichment.
The United States and its allies accuse Iran of pursuing a military nuclear program and have used their influence on the UN Security Council to press for fresh sanctions against Tehran.
Iranian officials have repeatedly refuted the accusations, arguing that as a signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Agency (IAEA), Tehran has the right to use the civilian nuclear technology.
Iran, which sits on the world's second largest reserves of both oil and gas, has dismissed US sanctions as inefficient, saying that it is finding Asian partners instead. Several Chinese and other Asian firms are negotiating or signing up to oil and gas deals.
Following US pressures on companies to stop business with Tehran, many western companies decided to do a balancing act. They tried to maintain their presence in Iran, which is rich in oil and gas, but not getting into big deals that could endanger their interests in the US.
Yet, after oil giants in the West witnessed that their absence in big deals has provided Chinese, Indian and Russian companies with excellent opportunities to sign up to an increasing number of energy projects and earn billions of dollars, they started showing increasing interest to invest or expand work in Iran.
In December 2010, the New York Times reported that over the past decade, United States-based companies have done billions of dollars in trade with Iran despite sanctions and trade embargoes imposed on Tehran.
One American company, the daily said, was permitted to do work on an Iranian gas pipeline, despite sanctions aimed at Iran's gas industry in particular.
The transactions have been made possible by a 2000 law that allows exemptions from sanctions for companies selling food or medical products, the report added.
Iranian officials have always stressed that the International and unilateral sanctions against Iran have had no result but inflicting damage on the European companies.
"The EU private sectors are complaining to their politicians about the anti-Iran sanctions and the EU will have to come out of the circle of (the supporters of Iran sanctions) sooner or later," Forouzandeh told FNA on Monday.
"Any move by the westerners to impose sanctions on Iran will further limit their capacities and will create new capacities for the Islamic Republic of Iran," the official reiterated.
He also stressed that Europe and the US are depriving themselves of Iran's 70-million population market.
The unilateral boycotts and embargoes imposed by the western countries against Iran will no doubt harm the foreign companies while they create an opportunity for Tehran's further progress, a senior Iranian legislator underlined.
Analysts believe that the unilateral boycotts and embargoes imposed by the western countries against Iran will no doubt harm foreign companies and create an opportunity for Tehran's further progress.
Iran is under four rounds of UN Security Council sanctions for turning down West's calls to give up its right of uranium enrichment.
The United States and its allies accuse Iran of pursuing a military nuclear program and have used their influence on the UN Security Council to press for fresh sanctions against Tehran.
Iranian officials have repeatedly refuted the accusations, arguing that as a signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Agency (IAEA), Tehran has the right to use the civilian nuclear technology.
Iran, which sits on the world's second largest reserves of both oil and gas, has dismissed US sanctions as inefficient, saying that it is finding Asian partners instead. Several Chinese and other Asian firms are negotiating or signing up to oil and gas deals.
Following US pressures on companies to stop business with Tehran, many western companies decided to do a balancing act. They tried to maintain their presence in Iran, which is rich in oil and gas, but not getting into big deals that could endanger their interests in the US.
Yet, after oil giants in the West witnessed that their absence in big deals has provided Chinese, Indian and Russian companies with excellent opportunities to sign up to an increasing number of energy projects and earn billions of dollars, they started showing increasing interest to invest or expand work in Iran.
In December 2010, the New York Times reported that over the past decade, United States-based companies have done billions of dollars in trade with Iran despite sanctions and trade embargoes imposed on Tehran.
One American company, the daily said, was permitted to do work on an Iranian gas pipeline, despite sanctions aimed at Iran's gas industry in particular.
The transactions have been made possible by a 2000 law that allows exemptions from sanctions for companies selling food or medical products, the report added.
Iranian officials have always stressed that the International and unilateral sanctions against Iran have had no result but inflicting damage on the European companies.
