ID :
204203
Mon, 08/29/2011 - 14:21
Auther :
Shortlink :
https://oananews.org//node/204203
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Minister Dismisses Effectiveness of Sanctions against Iran
TEHRAN (FNA)- Iranian Economy and Finance Minister Shamseddin Hosseini dismissed as ineffective the unilateral sanctions imposed by certain western countries against Iran, stressing that enemies have failed to reach their desired results due to the Iranians' resistance.
"The increase in the transit of goods by 111 countries through Iran, 124% growth in attracting foreign investment and increased foreign trade are among the main indices that prove West's sanctions have failed to reach their objectives due to the measures taken by the Islamic Republic government and the resistance shown by people," Hosseini said in a cabinet meeting with Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei here in Tehran on Sunday evening.
The minister lauded the growing trend of Iran's economy, and stated that international economic centers have acknowledged development of Iran's economy.
Also during the meeting, Ayatollah Khamenei stressed that the international and the West's unilateral sanctions against Tehran have left no negative impact on the country's progress and merely strengthened Iran's independence and national resolve.
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.
Following the 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, the US-based companies have done billions of dollars in trade with Iran despite the sanctions and trade embargoes imposed against Tehran.
"The increase in the transit of goods by 111 countries through Iran, 124% growth in attracting foreign investment and increased foreign trade are among the main indices that prove West's sanctions have failed to reach their objectives due to the measures taken by the Islamic Republic government and the resistance shown by people," Hosseini said in a cabinet meeting with Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei here in Tehran on Sunday evening.
The minister lauded the growing trend of Iran's economy, and stated that international economic centers have acknowledged development of Iran's economy.
Also during the meeting, Ayatollah Khamenei stressed that the international and the West's unilateral sanctions against Tehran have left no negative impact on the country's progress and merely strengthened Iran's independence and national resolve.
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.
Following the 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, the US-based companies have done billions of dollars in trade with Iran despite the sanctions and trade embargoes imposed against Tehran.
