Iran has devised various mechanisms to counter US sanctions: Diplomat
A senior Iranian diplomat says the Islamic Republic has not become completely disappointed with Europe to help offset sanctions imposed by the United States on Tehran but it has devised several mechanisms for any possible scenario.
As Reported by Qods News Agency (Qodsna) Iranian Deputy Foreign Minister for Political Affairs Abbas Araqchi, who is in Madrid for talks with senior Spanish officials, made the remarks in an exclusive interview with IRNA on Saturday.
Earlier this month, the administration of US President Donald Trump announced the re-imposition of the “toughest” sanctions ever against Iran's banking and energy sectors with the aim of cutting off the country's oil sales and crucial exports. The announcement came after Washington withdrew in May from the landmark Iran nuclear agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA), and decided to re-impose unilateral sanctions against Tehran.
Under the deal, reached between Iran and the P5+1 group of countries - the US, Britain, France, Germany, Russia and China - in 2015, Iran undertook to put limits on its nuclear program in exchange for the removal of nuclear-related sanctions.
A first round of American sanctions took effect in August, targeting Iran's access to the US dollar, metals trading, coal, industrial software, and auto sector.
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