“The issue of Iran sanctions is not a new one and the sanctions will not make the Iranian nation retreat. This is Western companies which will sustain the most damage from Iran sanctions,” Chairman of the Majlis Committee on National Security and Foreign Policy Alaeddin Boroujerdi told IRNA on Monday.
He pointed to the current crisis-hit economy of the West and emphasized that Iran sanctions, particularly in the oil sector, are a form of self-harm for the West.
The lawmaker said Iranian officials will turn sanctions, which have been imposed on the country with the purpose of threatening the Islamic establishment, into opportunities through their wisdom and the guidelines of the Leader of the Islamic Revolution.
Iran has succeeded in managing the sanctions and turning them into opportunities, Boroujerdi pointed out.
He warned that the situation of the US and other countries, which have imposed sanctions on Iran, will worsen should they continue on their wrongful path.
On July 1, under US pressure, the EU imposed a new round of sanctions against Tehran’s oil and banking sectors which had been approved by the bloc’s foreign ministers on January 23.
In March, the US administration approved new bans on the Iranian crude with the aim of penalizing other countries for buying or selling Tehran’s oil. The sanctions took effect on June 28.
The US-led bans are meant to pressure the Islamic Republic over its nuclear energy program, which Washington, Israel and some of their allies claim includes a military aspect.
Iran refutes such allegations, arguing that as a committed signatory to the nuclear Non Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.
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