In an exclusive interview with the IRNA in New York City on Saturday, Widmer-Schlumpf said Switzerland does not agree with the bans and will continue banking transactions with Iran.
The Swiss president added that Bern would continue economic relations with Tehran within the framework of UN decisions.
At the beginning of 2012, the United States and the European Union approved new sanctions against Iran’s oil and financial sectors. The embargoes aim to prevent other countries from purchasing Iranian oil or transacting with the Central Bank of Iran.
Washington and the EU have declared that the bans are meant to force Iran to abandon its nuclear energy program, which they claim includes a military component.
Iran has vehemently refuted the allegation, arguing that as a committed signatory to the Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it is entitled to use the nuclear technology for peaceful objectives.
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