News ID: 320272
Published: 0119 GMT February 25, 2022

Iran oil exports up 40% despite sanctions

Iran oil exports up 40% despite sanctions

The minister of economic affairs and finance said that Iran’s oil exports have witnessed 40 percent growth during the past five months despite the sanctions against the country.

This growth was achieved while US anti-Iran sanctions did not decrease and the Vienna talks have not reached a definite result, Ehsan Khandouzi told Iran’s Arabic news channel, Al Alam.

American officials have confessed to their defeat in the “maximum pressure” policy on Iran, the minister noted, according to IRNA.

During the interview, Khandouzi said the new Iranian government, which took office in August, 2021, has stressed the importance of playing a special role in the oil and gas markets.

Referring to the new round of US economic sanctions against Iran in the past three years, which have led to a decline in Iran’s economic indices, the finance minister said the coronavirus pandemic, rise in prices, and inflation have been effective in lowering economic growth.

He hoped that the plans made by the new Iranian government would improve the economy in the country.

As he underlined, President Seyyed Ebrahim Raeisi pays special attention to making use of regional capacities and stresses the need to focus on economic solidarity among regional countries.

About the situation of the economy in Iran, the minister said that the Islamic Republic of Iran makes every effort to use its oil and gas as support for growth in the national economic sectors.

He further underlined the importance of using national capabilities and regional cooperation in order to nullify the sanctions.

About the impact of the US sanctions against Iran, Khandouzi said they surely slowed Iran’s economy, but the country could find new opportunities in the heart of sanctions.

In the end, he spoke about the Vienna talks between Iran and the P4+1 in the Austrian capital and noted that if the talks end with a positive outcome, new opportunities would be created for the Iranian economy.

Representatives of Iran, the European Union, and the group of 4+1 have held talks in Vienna in the past months to settle disagreements.



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