• Farhad Dejpasand, Minister of Economic Affairs and Finance
    Farhad Dejpasand, Minister of Economic Affairs and Finance

Iran's Minister of Economic Affairs and Finance said there is no concern over the new draconian sanctions the U.S. has imposed against the Iranian nation.

Iran press/Iran news: Farhad Dejpasand told the national TV in an interview on Saturday night (November 10) that the country has already managed to withstand much of the multilateral sanctions, adding that the new draconian sanctions are not such alarming, according to a report by Iran Press news agency.

"Parts of the necessary steps have been taken, should the people rest assured and feel that they are united with the government and the system, therefore the system is required to prove in practice that it has no goal other than the improvement of the nation's well-being and prosperity," said the Minister of Economic Affairs and Finance, adding that the government must give priority to the peace and tranquility of the people."

Dejpasand reiterated that the government needs to employ unused and empty capacities and turn the government's assets into leverage to get the country out of circumstances created by sanctions after providing for the required resources to create comfort.

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Referring to the government and the ministry's plans, he said the government should be injecting the revenues it makes by selling its assets into the country's economy through various ways and means and/or provide for some companies' real estate needs.   

The Minister of Economic Affairs and Finance also said transferring of state-owned companies' ownership would be another effective means of creating economic mobility aimed at diversifying the workforce by technical and vocational trainings.

Iranian officials have been stressing the fact that the country enjoys the required means to ward off the impacts of U.S. sanctions.

They maintain that once the Islamic Republic turns to internal capacities it could specify ways and means to take a swift and good step toward self-sufficiency.

 

On November 10, Iranian President Hassan Rouhani said that US sanctions announced last week have had no impact on the country's economy because Washington had already practically re-imposed them earlier.

"The sanctions have had no impact on our economy because America had already used all the weapons at its disposal and there was nothing new to use against us," Rouhani said after a meeting with the heads of the two other branches of the government in Tehran.

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On November 5, the U.S. administration announced the re-imposition of sanctions against Iran which had been lifted under the terms of a landmark nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA) between the country, the permanent members of the UN Security Council plus Germany and the European Union in 2015.

UN nuclear watchdog, the International Atomic Energy Agency, IAEA, the world body responsible for the JCPOA oversight, has been saying since the JCPOA implementation onward that Iran is abiding by the agreement reached with US President Donald Trump's predecessor Barack Obama.

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The other parties in the nuclear deal have vehemently opposed the US move to re-impose sanctions against Iran and vowed to keep the JCPOA alive.

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Nov 11, 2018 10:48 Asia/Tehran
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